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BRIEF-Shanghai Chinafortune's Brokerage Unit Plans To Sell 39% Stake In Morgan Stanley Huaxin Securities

· 02/05/2021 02:54
BRIEF-Shanghai Chinafortune's Brokerage Unit Plans To Sell 39% Stake In Morgan Stanley Huaxin Securities

- Shanghai Chinafortune Co Ltd 600621.SS:

  • SAYS ITS BROKERAGE UNIT PLANS TO SELL 39% STAKE IN JV MORGAN STANLEY HUAXIN SECURITIES

  • SAYS ITS BROKERAGE UNIT WILL HOLD 10% STAKE IN THE JV AFTER THE SALE

  • SAYS ITS BROKERAGE UNIT PLANS TO SELL ITS ENTIRE 36% STAKE IN ITS FUND MANAGEMENT JV WITH MORGAN STANLEY (CHINA)

Source text in Chinese: https://bit.ly/39Ngd6T

Further company coverage: 600621.SS


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))