UBS Sells Stake In China Joint Venture To Comply With Local Regulations: Report
UBS Sells Stake In China Joint Venture To Comply With Local Regulations: Report
Meanwhile, in a separate statement, UBS announced that it is selling a 36.01% stake in the venture to BSAM for $91.4 million.UBS Group AG (NYSE:UBS) shares are trading lower today. The bank is reportedly selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM).
瑞銀集團AG (NYSE:UBS)股票今天下跌。該銀行據稱正在將其證券合資企業的部分股權出售給北京國有資產管理 (BSAM)。
The Swiss bank's joint venture partner, Founder Securities, said on Monday that it would sell its entire 49% stake in the joint venture for 885 million yuan ($122 million), reported Reuters.
瑞銀集團的合資夥伴方正證券週一表示，將以8.85億元人民幣（1.22億美元）的價格出售其在該合資企業中完整的49%的股份，路透社報道。
This move is a significant step for UBS as it consolidates its operations in China following its merger with Credit Suisse.
此舉是UBS在與瑞信合併後鞏固其在中國的業務的重要一步。
Meanwhile, in a separate statement, UBS announced that it is selling a 36.01% stake in the venture to BSAM for $91.4 million.
與此同時，瑞銀在另一份聲明中宣佈，將以9140萬美元的價格將其在該企業的36.01%的股份出售給BSAM。
UBS had previously held a 51% stake, but it is unclear whether it will retain the remaining shares.
瑞銀此前持有51%的股份，但目前是否將保留其餘股份尚不清楚。
UBS also has another securities joint venture in China, UBS Securities, where it owns a 67% stake, and BSAM holds the remaining 33% of UBS Securities.
瑞銀還在中國擁有另一個證券合資企業，瑞銀證券，在那裏它持有67%的股份，BSAM持有瑞銀證券剩餘的33%。
The report cited UBS CEO Sergio Ermotti's statement, "We have a comprehensive onshore multi-entity set-up across the two firms (UBS and Credit Suisse) with specific regulatory requirements to comply with."
該報告援引瑞銀首席執行官Sergio Ermotti的話說，“我們在兩家公司（瑞銀和瑞信）之間建立了全面的國內多實體結構，需要遵守特定的監管要求。”
Related: UBS And Credit Suisse Swiss Unit Merger Set For July 1, Says Senior UBS Executive
相關瑞銀和瑞信的瑞士部門合併將於7月1日進行，據瑞銀高管表示。
"So it is optimal for us to sell the 36.01% stake in Credit Suisse Securities to our key long-term business partner with whom we have worked closely for almost 20 years to develop our business in China."
“因此，對於我們來說，將Credit Suisse Securities 36.01%的股份出售給我們的重要長期商業夥伴是最佳選擇，我們與該夥伴密切合作近20年，開拓了我們在中國的業務。”
As per the report, China's securities regulations prohibit any entity from owning more than one majority-owned securities firm locally, which requires UBS to either sell a stake or reduce its shares to a minority position.
根據該報告，中國的證券監管法規禁止任何實體在當地擁有多個大部分擁有的證券公司，這要求瑞銀要麼出售股份，要麼將其股份減少到少數股東的位置。
According to Benzinga Pro, UBS has gained over 56% in the past year. Investors can gain exposure to the stock via Avantis International Equity ETF (NYSE:AVDE) and American Century ETF Trust Avantis Responsible International Equity ETF (NYSE:AVSD).
根據Benzinga Pro的數據，瑞銀過去一年的收益率已超過56%。投資者可以通過Avantis International Equity ETF (NYSE:AVDE)和American Century ETF Trust Avantis Responsible International Equity ETF (NYSE:AVSD)來投資這支股票。
Also Read: UBS Wealth Management Role Split In Executive Board Reshuffle
還閱讀：瑞銀财富管理角色在執行董事會重組中分擔
Price Action: UBS shares are down 1.99% at $29.99 premarket at the last check Tuesday.
價格行動：據上週二最新查詢，瑞銀股票的盤前價格下跌了1.99%，至29.99美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
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譯文內容由第三人軟體翻譯。
