now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Treasury & Capital Markets
Credit China FinTech buying into Ping An Securities
Credit China FinTech Holdings Limited, together with its subsidiaries, announced that it will form a consortium to acquire a 36.58% equity interest in Ping An Securities Group (Holdings) Limited.
The Asset 23 Jan 2017

Credit China FinTech Holdings Limited, together with its subsidiaries, announced that it will form a consortium to acquire a 36.58% equity interest in Ping An Securities Group (Holdings) Limited from its major shareholders at HK$0.096 a share in cash. Upon completion, the consortium will make a conditional mandatory general cash offer for all the issued shares of Ping An Securities.

Ping An Securities is a licensed corporation by the SFC to carry out Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities in Hong Kong.

Credit China Fintech is set to expand in Southeast Asia by leveraging Ping An Securities to introduce fintech services to the local Hong Kong market.

Phang Yew Kiat, vice-chairman and CEO of Credit China Fintech says, “Ping An Securities’ product offerings are valuable resources that we believe will generate significant synergies with our existing businesses.”

Conversation
Melissa Cheok
Melissa Cheok
associate director of ESG research
Sustainable Fitch
- JOINED THE EVENT -
5th ESG Summit
Swinging into action
View Highlights
Conversation
Ellie Tang
Ellie Tang
head of sustainability
New World Development
- JOINED THE EVENT -
4th ESG Summit Webinar Series - Part 1
Paving the way toward net zero
View Highlights