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ubs set to acquire full ownership of china securities joint venture

UBS is set to fully acquire its China securities joint venture, UBS Securities, as Beijing State-owned Asset Management plans to sell its 33% stake for 1.5 billion yuan ($207.10 million). UBS currently holds a 67% stake and aims to consolidate operations following its merger with Credit Suisse. Established in 2006, UBS Securities became the first foreign majority-owned securities firm in China in 2018.
Yahoo Finance
Chinese Yuan UBS CHN CHE Ryan Woods Selena Lee Yukun Zhang Ella Cao Show more
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04:33 26.11.2024
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