The China Fund, Inc. Announces a Resumption in its Discount Management Program
The China Fund, Inc. Announces a Resumption in its Discount Management Program |
[02-June-2020] |
BOSTON, June 2, 2020 /PRNewswire/ -- The Board of Directors of the China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that it will resume the operation of its Discount Management Program (the "Program"), which was temporarily halted on Monday, March 16, 2020 in response due to the extreme volatility introduced to world markets by the COVID-19 pandemic. The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), or (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China.
View original content:http://www.prnewswire.com/news-releases/the-china-fund-inc-announces-a-resumption-in-its-discount-management-program-301069337.html SOURCE The China Fund, Inc. | ||
Company Codes: NYSE:CHN |
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