Beijing State-Owned Assets Management Co., Ltd. entered into an agreement to acquire 85.01% stake in Credit Suisse Securities (China) Limited from Founder Securities Co., Ltd. (SHSE:601901) and Credit Suisse AG for CNY 1.5 billion on June 24, 2024. Following the completion of the transaction, Credit Suisse and Beijing State-Owned Assets will hold 14.99% and 85.01% in Credit Suisse Securities respectively. The completion of the transaction is subject to the necessary regulatory approvals and customary closing conditions.
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Jun. 25 | Founder Securities Sheds Off Stake in Credit Suisse's Securities Arm for 885 Million Yuan | MT |
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- Beijing State-Owned Assets Management Co., Ltd. entered into an agreement to acquire 85.01% stake in Credit Suisse Securities Limited from Founder Securities Co., Ltd. and Credit Suisse AG for CNY 1.5 billion.