20 September 2018

Sinolink rejects report of Tencent buy-in, filing says

Sinolink Securities Co. Ltd. (600109.CN) has denied media reports claiming that internet firm Tencent Holdings Ltd. (00700.HK) will buy shares valued at about 1 billion yuan (US$164.13 million) in Sinolink, according to a regulatory filing Thursday. The two companies never discussed such a purchase, the filing said. Sinolink and Tencent signed a two-year strategic cooperation agreement on the weekend to work on an online financial services platform.

– Contact HKEJ at [email protected]



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