China Everbright sells its brokerage business and forms JV

    | BY

    clpstaff &clp articles

    Hong Kong-listed financial services company, China Everbright has disposed of 51% of the share capital of its brokerage business, Everbright Securities…

    Hong Kong-listed financial services company, China Everbright has disposed of 51% of the share capital of its brokerage business, Everbright Securities International (ESI) to Everbright Securities Company (ESC) for US$114 million. ESC is a Shanghai Stock Exchange-listed company.

    After the disposal, China Everbright and ESC will become joint venture partners, allowing China Everbright access to ESC's extensive network across China to develop its business.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]