Beijing State-owned Asset Management (BSAM) plans to sell a 33% stake in UBS Securities, at a price of 1.5 billion yuan ($207.10 million), the China Beijing Equity Exchange website showed on Monday.
UBS Securities, founded in 2006, became the first foreign majority-owned securities firm in China in 2018. UBS currently holds a 67% stake in the firm.
($1 = 7.2428 Chinese yuan renminbi)
Reuters
