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Guotai Junan International in talks to acquire Vietnamese financial firm

Hong Kong-based Guotai Junan International Holdings Ltd. is in talks to acquire a majority stake in a financial firm in Vietnam.

The company said July 3 that it was in active negotiations to acquire a majority interest in the company, which provides financial services.

The company plans to fund the potential acquisition with cash. It did not disclose details of the Vietnamese company.

Guotai Junan International said the acquisition would allow it to further expand in Southeast Asia following setting up its shop in Singapore.

Guotai Junan International Holdings is a unit of China-based Guotai Junan Securities Co. Ltd.