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BEIJING STATE-OWNED ASSET MANAGEMENT WILL SELL 33% STAKE IN JOINT VENTURE WITH UBS

  • NEWS Desk Global
  • Nov 25, 2024
  • 1 min read



Beijing State-owned Asset Management (BSAM) plans to sell a 33% stake in UBS Securities, at a price of 1.5 billion yuan ($207.10 million).

UBS Securities, founded in 2006, became the first foreign majority-owned securities firm in China in 2018. UBS currently holds a 67% stake in the firm.

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