Global Chinese Business Club to Buy Stake in Securities Firm

MT Newswires Live

03/20

Global Chinese Business Club (HKG:1757) said it agreed to acquire a 33% stake in a securities firm operating in Hong Kong, according to a Hong Kong bourse filing Thursday.

Shares of the foundation works firm fell nearly 1% in late morning trade Friday.

The acquisition is expected to help diversify the company's income stream.

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