CITIC Securities Plans to Acquire Guangzhou Securities

Posted on 12/27/2018

CITIC Securities Co., Ltd., which is part of the CITIC Group, signed a preliminary agreement to acquire 100% of Guangzhou Securities Co., Ltd., a smaller rival brokerage firm. Guangzhou Securities is owned by Guangzhou Yuexiu Financial Holdings Group Co Ltd. CITIC Securities plans to fund the acquisition by issuing shares to the owners of Guangzhou […]