Guolian Securities Co., Ltd. Class H (HK:1456) has released an update.
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Guolian Securities Co., Ltd. has successfully established a wholly-owned subsidiary, Guolian Securities Assets Management, with a registered capital of RMB 1 billion, after receiving approval from the China Securities Regulatory Commission. This move allows the company to engage in securities asset management business and has led to the downsizing of the parent company’s similar operations. The establishment and licensing of the new subsidiary fulfill conditions that enable amendments to the Articles of Association to take effect.
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