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Haitong International Securities takes over UK, US group entities

Haitong International Securities Group Ltd. completed the takeover of Haitong (UK) Ltd. and Haitong Securities USA LLC from Portugal-based affiliate Haitong Bank SA.

The transfer closed Feb. 23. As a result, Haitong (UK) and Haitong Securities USA became indirect wholly owned subsidiaries Haitong International Securities.

Haitong Securities Co. Ltd. is the ultimate parent of all the four companies.