Beijing Huarong Zonghe Investment Co., Ltd completed the acquisition of a 9.5754% stake in Hengtai Securities Co., Ltd (SEHK : 1476) from Tianfeng Securities Co., Ltd..
February 19, 2023
Share
Beijing Huarong Zonghe Investment Co., Ltd agreed to acquire 9.5754% stake in Hengtai Securities Co., Ltd (SEHK:1476) from Tianfeng Securities Co., Ltd. (SHSE:601162) for CNY1.8 billion on September 30, 2022. As of February 7, 2023, the CSRC approved Beijing Huarong Zonghe Investment Co., Ltd. becoming Hengtai Securities Co., Ltd.'s main shareholder.
Beijing Huarong Zonghe Investment Co., Ltd completed the acquisition of a 9.5754% stake in Hengtai Securities Co., Ltd (SEHK : 1476) from Tianfeng Securities Co., Ltd. (SHSE:601162) on February 20, 2023.
TIANFENG SECURITIES CO., LTD. is a China-based securities company. The Company is mainly engaged in securities brokerage business, securities investment consulting business, financial advisory business related to securities trading and securities investment activities, securities investment fund commissioning business, securities underwriting and sponsorship business, securities proprietary business, securities asset management business, margin trading business, financial products commissioning business, as well as intermediate introduction business for futures companies.
TIANFENG SECURITIES CO., LTD. 
