Date
23 October 2017

Sinolink denies Tencent stake purchase talks, filing says

Sinolink Securities Co. Ltd. (600109.CN) said it has not discussed any stake purchase by internet giant Tencent Holdings Ltd. (00700.HK) in the company, according to a regulatory filing Monday. Sinolink is not required to disclose any major information under listing rules, it said. However, the two companies are cooperating in internet finance and will jointly launch a number of wealth management products, the filing said. Meanwhile, Sinolink said its price-to-earnings ratio was 103.8 times as of Monday, the second highest among all listed securities firms.

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