Western Securities Soars with Guorong Acquisition Plans
Shares of Western Securities surged over 6% during early trading on Friday following an announcement from the Chinese brokerage that it was studying plans to acquire a controlling stake in rival Guorong Securities in a cash deal.
- Country:
- China
Shares of Western Securities jumped more than 6% in early trading on Friday after the Chinese brokerage said it was studying plans to acquire rival Guorong Securities.
Western Securities said in a statement it aims to buy a controlling stake in Guorong in a cash deal.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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