Value Partners acquires stake in mainland asset management firm

Fri Mar 9, 2012

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Alternative asset management firm Value Partners is acquiring a 49% stake in mainland China asset management company KBC Goldstate for Rmb 40.5 million, or about $6.4 million, boosting its bid to penetrate the huge Chinese market for its various investment products.

It acquired the stake from KBC Asset Management after the China Securities and Regulatory Commission approved the transaction, turning the firm into the first indigenous Hong Kong asset management firm to establish an asset management joint venture in the mainland.

KBC Goldstate...

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