JD to acquire controlling stake in Chinese brokerage
Chinese GP JD Capital plans to acquire a 51% stake in Teemrise Securities, a Chinese brokerage firm, for RMB364 million ($59 million).
JD, formerly Jiuding Capital, will invest in Teemrise using its own working capital. The firm will rebrand Teemrise as Jiu Zhou Securities upon completion of the transaction, according to a regulatory...
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