The 'second shareholder' of ubs group securities has started to liquidate!

According to the peking property exchange, beijing state-owned assets operation limited liability company (hereinafter referred to as 'beijing state-owned assets') intends to list the 33% shareholding it holds in ubs group securities for sale, with a transfer starting price as high as 1.537 billion yuan.

As of now, ubs group securities has two shareholders, one is the swiss banks (ubs ag) and the other is beijing state-owned assets, holding 67% and 33% respectively.

So, who is the buyer, there is currently no information on the public trade.

ubs group responded to wall street insights: 'ubs increased its shareholding in ubs group securities to 67% in 2022. as previously disclosed, the process of ubs further increasing its shareholdings in ubs group securities to 100% is ongoing.'

The identity of ubs group securities will change.

The predecessor of UBS Securities was Beijing Securities, established in 1993. After a capital increase and share expansion in 1999, it was actually controlled by the Beijing State-owned Assets Supervision and Administration Commission, and one of the shareholders at that time was the Beijing State-owned Assets Management Limited Liability Company, which is the equity transferor mentioned above.

In early 2000, many internal governance issues of Beijing Securities gradually surfaced, especially debt problems with institutional parties and individuals, with reported losses exceeding 100 million yuan.

By 2005, the Beijing government planned to introduce foreign institutions to restructure Beijing Securities, coinciding with China's entry into the WTO and the acceleration of international financial giants expanding into the Chinese market.

In 2006, UBS Securities was officially established, with shareholders including Beijing Guoxiang Asset Management Co., Ltd., Swiss banks (also known as UBS Group, UBS AG), China Jianyin Investment Limited Liability Company, National Development Investment Corporation, and COFCO Group.

On November 30, 2018, UBS Group's shareholding ratio reached 51%, becoming the first foreign financial institution in China to achieve controlling interest in a joint venture securities company through shareholding increase.

Since then, UBS Group's shareholding ratio has gradually increased, currently reaching 67%. The market anticipates UBS Group's full control over UBS Securities.

Trade details disclosed.

According to public information, the bottom price for the transfer of UBS Securities by Beijing State-owned Assets is 1,536.5 million yuan, approximately 1.537 billion yuan.

The payment method is a "one-time payment".

The intending transferee shall pay a security deposit of 0.461 billion yuan or equivalent foreign currency to the account designated by the peking property exchange within 5 working days after obtaining the qualification confirmation.

In addition, the information disclosure period for this property transaction is from November 26 to December 23 of this year.

Financial data of ubs group disclosed.

This property transaction information also disclosed the financial status of ubs group.

The 2023 annual audit report of ubs group shows that the total revenue and net income for the year were 0.955 billion yuan and 18.91 million yuan respectively.

As of September 30, 2024, the revenue for the year is 0.77 billion yuan, with net income reaching 91.3927 million yuan.

It can be seen that the profit performance of ubs group securities has significantly improved this year.