UBS Takes Control of Chinese Securities Unit

Posted on 12/01/2018


Swiss banking giant UBS Group AG increased its equity stake in a Chinese securities joint venture from 24.99% to 51%. The joint venture unit is Shanghai-based UBS Securities Co. Limited. China Guodian Capital, a unit of China Guodian Corporation, is selling its 12.01% stake in UBS Securities to UBS, while Chinese agricultural conglomerate COFCO sold […]