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Article: HUATAI SECURITIES SAID TO ACQUIRE UNITED SECURITIES

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AsiaInfo Services
Article date:
July 24, 2009
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AsiaInfo Services
07-24-2009
Huatai Securities Said to Acquire United Securities

NANJING, Jul 24, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese broker Huatai Securities Co., Ltd. plans to fully acquire its domestic peer United Securities Co., Ltd. before the end of this year, said sources.

In order to avoid peer competition, it will be responsible for investment banking business regarding to the Shanghai Stock Exchange and brokerage business in north China. The target will take change of investment banking business regarding to the Shenzhen Stock Exchange and brokerage business in south China. Notably, the latter's legal person status will remain.

Huatai Securities was ...

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