Chinese brokerage GF buys 20% stake in Value Partners in $140 mln deal

Value Partners

01/06/2023 11:08

HONG KONG, June 1 (Reuters) - 
    Chinese brokerage GF Securities' Hong Kong unit has reached
an agreement with asset manager Value Partners to acquire a 20%
stake in the firm from its founding shareholders.
    The purchase of 369,000,000 shares at HK$3 per share totals
HK$1.107 billion ($141 million), Hong Kong-listed Value Partner
said in a filing to the exchange.
    Reuters reported on Monday the firms were close to a deal.
    ($1 = 7.8489 Hong Kong dollars)

 (Reporting by Selena Li; editing by Jason Neely)
 ((Selena.Li@thomsonreuters.com; +852 39525868;))