Guolian Securities Co. (1456.HK) has agreed to acquire the 33.3% remaining stake in a Sino-foreign investment-banking unit from Royal Bank of Scotland PLC (RBS.LN) for 354 million yuan ($52 million).
The Hong Kong-listed brokerage firm said late Thursday it was seeking to consolidate control of Hua Ying Securities Co.
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RBS's original investment amount in the acquisition of Hua Ying Securities was CNY266.4 million, Guolian Securities said.
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(END) Dow Jones Newswires
July 06, 2017 07:10 ET (11:10 GMT)