Date
19 October 2017

State investor buys into Essence Securities, paper says

The State Development Investment Corp. is understood to have bought a 40 percent stake in Essence Securities Ltd. from the China Securities Investors Protection Fund, the Shanghai Securities News reported Tuesday, citing an unnamed source. The fund is auctioning off its 83.135 percent stake in Essence Securities on the Beijing Equity Exchange. The results of the sale are expected to be released next month, the report said.

– Contact HKEJ at [email protected]

KZ/AC/SK

 

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