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Announced

HSBC completed the acquisition of an additional 39% stake in HSBC Qianhai Securities from Qianhai Securities for $194m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned51%
Capital Bid For39%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Majority

China

Diversified Financials

Acquisition

Friendly

securities brokerage

Private

Completed

Single Bidder

Cross Border

Synopsis

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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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