Haitong Securities<600837>, the second-largest securities firm in China by assets, said on Monday that its Hong Kong unit would buy a 52.6% stake in Hong Kong's largest local securities brokerage Taifook Securities Group Ltd<0665>. According to Haitong Securities' filing with the Shanghai Stock Exchange,...
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, reported a net profit of HK$189 million for the 18 months ended Jun. 30, 2009, down 61% year on year, according to the company's statement filed with the Hong Kong Stock Exchange.Earnings per share were 27.61 HK cents....
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, announced that its controlling shareholder, NWS Holdings Ltd<0659>, is in talks to sell part or all of its shareholding in the company, according to Taifook Securities' filing with the Hong Kong Stock Exchange.NWS Holdings is...
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, recently reaffirmed its "buy" rating for Hopson Development Holdings Ltd<0754> and raised its target price for shares of the Hong Kong-listed developer to HK$15.44.Taifook said in a report that Hopson Development's interim...
Haitong Securities Co<600837>, China's second-largest broker in terms of assets, is in exclusive talks to acquire some equity in Taifook Securities Group<0665> that is held by NWS Holdings Ltd<0659>, said sources familiar with the matter today.The unnamed source said that Haitong plans to buy shares at HK$5...
SHANGHAI, Nov 24 - China's Haitong Securities said on Tuesday that it would finance the purchase of a controlling stake in Hong Kong's Taifook Securities Group with its own cash reserves, supported by bank loans....
HONG KONG, Nov 23 - Hong Kong stocks are set to open 0.38 percent higher on Monday, tracking gains in other Asian markets, with Taifook Securities Group rising after a deal with China's Haitong Securities....
SHANGHAI, Nov 23 - China's Haitong Securities <600837.SS> said on Monday it wuld buy a 52.86 percent stake in Hong Kong's Taifook Securities Group <0665.HK> for HK$1.82 billion ($235 million). Shares in the companies had...
A branch of Haitong Securities in Jilin, Jilin Province. Haitong Securities is reported to have inked an agreement to acquire Hong Kong-based Taifook. Photo: CFP By Sun Zhe Haitong Securities reached an agreement to buy out Hong Kong-based Taifook in an attempt to gain international experience a...
HONG KONG, Nov 17 - Taifook Securities <0665.HK> <0665.HK> said its controlling shareholder NWS Holdings <0659.HK> was continuing talks regarding the sale of its interest in the company and had yet to enter into an...