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01788 GUOTAI JUNAN I
RTNominal down0.630 -0.010 (-1.563%)
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04/07/2018 11:31

Guotai Junan (01788) may buy Vietnam financial services firm

[ET Net News Agency, 4 July 2018] Guotai Junan (01788) said it is in an active
negotiation in relation to a proposed acquisition of a majority interest in a company in
Vietnam, which is principally engaged in the provision of financial services.
The possible acquisition (if materialised) will enable Guotai Junan to further expand
its business presence in Southeast Asia following its establishment in Singapore, which
allows the Group to seize opportunities under the "One Belt, One Road" initiative adopted
by the PRC government and will be beneficial in maintaining the Group's international
competitiveness and enhancing its reputation. (HL)

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