ADIB HOLDINGS LTD held a board meeting on July 20, 2018 to complete the election of new board members. Mr. Hu Wei was added to the board of directors. The senior management team of ADIB Holdings Ltd. : Chairman Lu Changchun, Executive director Sun Yu, Excutive Director Arun Panchariya. CFO Hu Wei, Supervisor Sun Feng, and Chief investment and operation officer Zheng Zidan. The new board of directors will strictly abide by the articles of association and carry out the r...
Read MoreThe Asia Development & Investment Bank (ADIB) is currently undergoing major restructuring. This reorganization includes the adjustment of ownership, management structure, and operation. During the restructuring, the investment, project financing and asset management businesses will be suspended. Trading and other financial services will carry on as usual.
Read MoreADIB Holdings Ltd (Hong Kong), Asia Development & Investment Bank's Subsidiary, has signed an agreement with HUSCOKE RESOURCES HOLDINGS LIMITED (Hong Kong ticker: HK00704) to invest about US$11 million to subscribe to the convertible bonds of Huscoke Resources Holdings Limited. This marks the beginning of deep cooperation between ADIB and Huscoke resources in the energy area.Huscoke resource Holding Co., Ltd. is a comprehensive energy company specializi...
Read MoreDeputy President of Asian Development Investment Bank Dr. Sun signed a memorandum of cooperation with the government of Ajman on behalf of Asian Development Investment Bank in January 2018. It plans to invest US$2.8 billion to build the Ajman City Light Rail.
Read MoreAsian Development and Investment Bank's Executive Director, Mr. Zheng Bailin, signed an assets restructuring agreement with China International Capital Corporation (CICC) in Malaysia. The CICC has become ADIB's majority shareholder.
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