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Article: HUATAI SECURITIES BECOME CONTROABLE IN UNITED SECURITIES
- Article from:
- AsiaInfo Services
- Article date:
- July 26, 2006
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AsiaInfo Services
07-26-2006
Huatai Securities Become Controable in United Securities
BEIJING, Jul 26, 2006 (SinoCast via COMTEX) -- On July 21, 2006, United Securities were relieved from business restriction by China Securities Regulatory Commission (CSRC), after it successfully introduced in CNY 700 million from Huatai Securities to make up for the financing gap of client transaction settlement in full account.
On May 15, 2006, United Securities were ordered to suspend its business because of untimely paid-in in its stock enlargement, which forced it to give up its qualification as adviser of Datong Coal Industry Co., Ltd??s A-share IPO.
On July 6, Huatai Securities'capital injection of ...