Announced
Financials
Sources
Tags
Majority
China
Diversified Financials
Acquisition
Friendly
securities brokerage
Private
Completed
Single Bidder
Cross Border
Synopsis
HSBC, a British multinational investment bank and financial services holding company, completed the acquisition of an additional 39% stake in HSBC Qianhai Securities, its brokerage venture with Qianhai Securities, a financial services company, for $194m. The London-based bank said the transaction had taken its stake in HSBC Qianhai Securities from 51% to 90%.
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