Asset manager Value Partners Group has announced a strategic investment from GF Securities.
GF Securities, through one of its subsidiaries, will purchase part of the equity holdings from two major shareholders of Value Partners and is expected to hold a 20.2% stake upon completion.
Value Partners did not disclose the divesting shareholders or the size of the transaction.
The acquisition is subject to conditions precedent, including obtaining the relevant regulatory approvals.
“The synergies we create will sharpen our competitive edges in wealth and asset management. The move is also in line with GF Securities’ strategy to expand the firm’s global footprints. We believe that with joint efforts, GF Securities will be able to further advance sustainable economic growth and capture financial opportunities in China’s Greater Bay Area,” said Charles Lin, chief executive of GF Hong Kong, a subsidiary of GF Securities.
“The partnership will not only significantly increase Value Partners’ reach to mainland Chinese investors, especially in the Greater Bay Area, through GF Securities’ strong distribution network, but also strengthen our investment capabilities across different asset classes in China.”
Seri Cheah Cheng Hye, co-chairman and co-chief investment officer at Value Partners, said: “We are confident that our collaboration with GF Securities as a strategic shareholder can generate synergies and bring long-term and stable returns to the company’s shareholders and investors.”
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