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Mason Fin (00273) to boost investment in securities JV

Time : 12 March 2015

ET Net News Agency, 3 December 2015] Mason Financial (00273) said its shareholding in the joint stock company Shengang Securities Company Limited will increase from 10% to 15% and the capital contribution to be paid in cash will increase from Rmb350 million to Rmb525 million in total, to be financed by the Group's internal financial resources.

The company has decided to acquire a bigger shareholding in the joint stock company as it is optimistic about the business prospects of the joint stock company with full licences to carry on securities related business under persistent economic growth in the PRC. (HL)

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