GF Securities announced on June 6 that its largest shareholder Liaoning Chengda intended to lend a no more than 10% stake it holds in the former to China Securities Finance Corporation to obtain proceeds after the expiration of the lending period.
Chengda, as a long-term shareholder of listed companies, only distribute the cash revenue as dividends and aims to make efficient use of shares in listed companies through lending them out.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94549
