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Yuanta Financial unit sells Polaris Securities (Hong Kong)

Yuanta Financial Holdings Co. Ltd. unit Yuanta Securities Asia Financial Services Ltd.'s board approved the sale of 100% of Polaris Securities (Hong Kong) Ltd. to Haiyin International Securities Ltd.

The transaction price is the aggregate of the value of Polaris Securities (HK)'s net assets as of the month-end immediately preceding the completion date and HK$19 million.

The sale is subject to regulatory approval.