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HONG KONG, June 25, 2015 - (ACN Newswire) - To celebrate the completion of acquisition of 70% equity stake in Sun Hung Kai Financial Limited by Everbright Securities Company Limited ("Everbright Securities", SSE: 601788) via its wholly-owned subsidiary Everbright Securities Financial Holdings Limited, Everbright Securities and Sun Hung Kai & Co. Limited ("SHKCO", SEHK: 86) jointly hosted a celebration ceremony to commemorate the acquisition.
 | | Everbright Securities Celebrates the Completion of Acquisition of70% of Sun Hung Kai Financial Limited |
Ms Yin Xiaojing, Deputy Director, Liaison Office of the Central People's Government ("LOCPG"); Prof K C Chan, GBS, JP, Secretary for Financial Services and the Treasury and Mr Sun Xiangyi, Director-General Economic Affairs Department of LOCPG joined the ceremony. Prof Chan, Mr Gao Yunlong, Vice Chairman and General Manager of China Everbright Group Limited, and Mr Lee Seng Huang, Group Executive Chairman of SHKCO delivered speeches to share with all the guests the meaning of the acquisition to Hong Kong and China financial industry leaders Sun Hung Kai Financial and Everbright Securities.
Mr Gao said, "Everbright Securities' successful acquisition of 70% stake in Sun Hung Kai Financial, the largest local securities broker in Hong Kong, further implements our internationalisation strategy to achieve the greater cross-border integration in our five-year strategic plan. It also has a significant implication connecting the Mainland and Hong Kong capital markets as well as providing customers of both sides one-stop financial services." Mr Gao believes that the alliance is mutually beneficial, with one learning the strengths of the other. It is where ideas are integrated, good practice retained and any cultural difference harmonised, so to win the world together. The company will strive to become a top-tier global investment bank with strong influence in Hong Kong and regional markets.
Mr Lee said, "It has been our long-stated strategy to identify a suitable Chinese strategic partner in order for SHKF to leverage our operating platform and gain greater access to customers in China. As the Hong Kong capital markets continue to integrate with that of the Mainland, our alliance could not have come at a more opportune time and with such a formidable partner, Sun Hung Kai Financial is very well positioned for the future."
About Everbright Securities Company Limited
Everbright Securities Company Limited ("Everbright Securities", SSE: 601788) is a large comprehensive securities company whose business scope covers all major areas of securities companies in Mainland China. The company's business scale and major business indicators are at the forefront of the industry and its comprehensiveness is ranked among the industry's top ten. The company operates a total of 151 securities operations, covering the Yangtze River Delta, Pearl River Delta and Bohai Economic Rim, spanning over 28 provinces, autonomous regions and municipalities.
Everbright Securities was founded in 1996. The company's parent company is China Everbright Group Corporation. Everbright Securities is a national comprehensive shareholding company and is one of the first three pilot companies approved by the China Securities Regulatory Commission. It is principally engaged in securities brokerage, securities investment advisory, securities transaction and investment-related financial advisory services, securities underwriting and sponsoring, proprietary securities trading, intermediary services for futures companies, agent distribution of securities investment funds, margin businesses, consignment of financial products and other China Securities Regulatory Commission-approved businesses. In addition, the company is involved in asset management, direct investments, futures, fund management, strategic investments, lease financing and Hong Kong securities business through its wholly-owned companies and subsidiaries. Net assets attributable to shareholders of the listed company are RMB 25.8 billion**. For more information, please visit the official website of Everbright Securities at http://www.ebscn.com.
**As of 31 December 2014
Contact:
Sun Hung Kai Financial Limited
Juliana Chan (852) 3920 2511 juliana.chan@shkf.com
Maggie Chan (852) 3920 2513 maggie.chan@shkf.com
Rona Chau (852) 3920 2509 rona.chau@shkf.com
Everbright Securities Company Limited
Jennifer Zhang (86) 021-22169959 zhangjian1@ebscn.com
Lei Zhao (86) 021-22169915 zhaolei@ebscn.com
Topic: Press release summary
Source: Sun Hung Kai & Co Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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