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BRIEF-China Development Financial Holding unit to use 200.4 mln yuan to set up consumer finance company
December 22, 2016 / 10:33 AM / a year ago

BRIEF-China Development Financial Holding unit to use 200.4 mln yuan to set up consumer finance company

Dec 22 (Reuters) - China Development Financial Holding :

* Says its subsidiary KGI Bank will use 200.4 million yuan to set up a consumer finance company with registered capital of 600 million yuan in Kunshan with Bank of Jiangsu

* Says KGI Bank will hold 33.4 percent stake in the new company

Source text in Chinese: goo.gl/WtxN8T

Further company coverage: (Beijing Headline News)

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