 |
|
  |
2008-7-4 05:30:00 p.m. HKT, XFNA
HK-listed OP Financial to take 30 pct of CSOP Asset Management for 60 mln hkd
|
| |
HONG KONG (XFN-ASIA) - OP Financial Investments Ltd said it has agreed to take
30 pct stake in CSOP Asset Management Ltd for 60 mln hkd in cash.
China Southern Fund Management Co will take the remaining 70 pct of CSOP for
140 mln hkd.
Mainland-based China Southern Fund currently has assets of over 200 bln yuan
under its management, including a qualified domestic institutional investor
(QDII) fund.
CSOP will conduct asset management business in Hong Kong and manage the Hong
Kong listed securities in China Southern's investment portfolio.
(1 usd = 7.8 hkd)
roby.lau@xfn.com
MMMM |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
