trending Market Intelligence /marketintelligence/en/news-insights/trending/Bq114XpyTikx9aB1lVcb1g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Guangzhou Yuexiu Financial to acquire stake in Guangzhou Securities

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Guangzhou Yuexiu Financial to acquire stake in Guangzhou Securities

Guangzhou Yuexiu Financial Holdings Group Co. Ltd. plans to buy a 32.8% stake in Guangzhou Securities for 6.3 billion Chinese yuan, Reuters reported Dec. 26, citing a Chinese-language document.

The company will acquire the shares via cash and share issuance.

It also intends to raise up to 5 billion yuan in a private placement to fund the acquisition.

As of Dec. 23, US$1 was equivalent to 6.95 Chinese yuan.