China brokerage tidying is more than housekeeping
Guotai Haitong plans to take its Hong Kong-listed arm private in a $3.6 bln deal. The 44% premium is decent as the recently-merged parent streamlines its offshore unit. A swift buyout will help China's top brokerage tap into Beijing's push to redirect cross-border trading.
Guotai Haitong plans to take its Hong Kong-listed arm private in a $3.6 bln deal. The 44% premium is decent as the recently-merged parent streamlines its offshore unit. A swift buyout will help China's top brokerage tap into Beijing's push to redirect cross-border trading.
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