Haitong scanning Singapore for acquisitions
The Hong Kong arm of China's second largest securities firm is seeking to build a brokerage in the city after receiving an operations licence. It is targeting full-scale expansion over time.
Haitong International is striving to start a brokerage in Singapore before the end of this year after receiving an operational licence and is scanning the market for acquisition opportunities.
Lin Yong, chief executive and deputy chairman of Haitong International, the Hong Kong division of China’s second largest securities firm, tells AsianInvestor that joint-ventures are not in the pipeline, noting that it wants full control of the business. “We will either acquire the whole busi…
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