Daiwa Securities to transfer 49% equity interest for about 700 million yuan, becoming the wholly-owned subsidiary of Daiwa Securities in China.

According to the latest disclosure information from the Beijing Property Rights Exchange, Daiwa Securities Co., Ltd. has completed the transaction of 16% equity on April 8, with a transaction amount of 230 million yuan, and the transferee is Daiwa Securities Group Inc. At the same time, another 33% equity of the company has also been transferred through listing, with a transaction amount of approximately 475 million yuan, and the transferee is also Daiwa Securities Group Inc. The total consideration for the two transactions is approximately 700 million yuan. The total target of the two equity transfers in this transaction accounts for 49% of the company's equity, with both Chinese shareholders holding the remaining shares. After the transaction is completed, the shareholding ratio of Daiwa Securities Group Inc. in Daiwa Securities will increase from 51% to 100%, which means that Daiwa Securities will become another foreign-owned wholly-owned securities firm.