HK’s Mirae Asset to buy out partners’ stake in Vietnamese securities company

Visual from the company’s website.

Mirae Asset Wealth Management Co Ltd, the Hong Kong partner holding 51 per cent of Vietnam-based Mirae Asset Wealth Management Securities JSC, has got nod from the Vietnamese securities commission to fully acquire the brokerage.

Accordingly, the parent firm will buy 13.8 million shares of the brokerage from P/E Construction and Investment JSC and 1.5 million shares from Minh An Investment JSC, to own 100 per cent of the Vietnam subsidiary.

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