BRIEF-China Huarong Asset Management To Implement Equity Transfer Project Of Huarong Consumer Finance

Aug 2 (Reuters) - China Huarong Asset Management Co Ltd

:

* INTENDS TO IMPLEMENT EQUITY TRANSFER PROJECT OF HUARONG CONSUMER FINANCE CO

* INTENDS TO IMPLEMENT EQUITY RESTRUCTURING PROJECT OF HUARONG INTERNATIONAL TRUST CO

* INTENDS TO IMPLEMENT PUBLIC TRANSFER OF ITS 70% EQUITY IN HUARONG CONSUMER FINANCE TO EXTERNAL PARTIES

* IN TALKS WITH MAIN INSTITUTION CREDITORS, FOR EQUITY RESTRUCTURING OF HUARONG TRUST BY DEBT-TO-EQUITY SWAP & EQUITY TRANSFER

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((Reuters.Briefs@thomsonreuters.com;))