Changchun Urban Development & Investment Holdings Co., Ltd. cancelled the acquisition of 30% of stake in Northeast Securities Co., Ltd. from Jilin Yatai Co., Ltd..
March 27, 2024
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Changchun Urban Development & Investment Holdings (Group) Co., Ltd. agreed to acquire 30% of stake in Northeast Securities Co., Ltd. (SZSE:000686) from Jilin Yatai (Group) Co., Ltd. (SHSE:600881) on July 26, 2022. The transaction is subject to state-owned asset management authority and the securities regulatory authority. This transaction needs to be approved by the competent authorities of both parties.
Changchun Urban Development & Investment Holdings (Group) Co., Ltd. cancelled the acquisition of 30% of stake in Northeast Securities Co., Ltd. (SZSE:000686) from Jilin Yatai (Group) Co., Ltd. (SHSE:600881) on March 28, 2024.
Northeast Securities Co., Ltd. specializes in investment services. The group's activity is organized around three sectors of activity:
- brokerage services;
- investment bank;
- asset management.
Changchun Urban Development & Investment Holdings Co., Ltd. cancelled the acquisition of 30% of stake in Northeast Securities Co., Ltd. from Jilin Yatai Co., Ltd..