A journalist learned from Peking Property Exchange that Beijing State-owned Assets Operation Limited Liability Company plans to publicly sell 33% equity of UBS Securities Limited Liability Company it holds, at a target price of 1536.5 million yuan (1.563 billion yuan). In response to this, a person related to UBS Group told the journalist that UBS increased its shareholding in UBS Securities to 67% in 2022. As previously disclosed, the process of UBS further increasing its shareholding in UBS Securities to 100% is underway. (Beijing News)