Credit Suisse Group AG (SWX:CSGN) wants to raise its Credit Suisse Founder Securities Co., Ltd. (China securities joint venture) stake to 100% and increase its market share after getting the regulatory green light to take a majority holding, the head of its Asia business said. Credit Suisse aims to take on full ownership from Founder Securities Co., Ltd. (SHSE:601901) as it seeks to build out its private and investment banking businesses. The bank did not disclose the value of the joint venture.
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5-day change | 1st Jan Change | ||
8.9 CNY | +10.01% | +15.28% | +10.42% |
07:24am | Chinese Financial Services Shares Gain on Consolidation Hopes | DJ |
Apr. 22 | Founder Securities Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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+10.42% | 9.19B | |
-0.45% | 151B | |
+10.84% | 144B | |
+9.00% | 137B | |
+21.81% | 118B | |
-5.94% | 34.48B | |
+9.29% | 25.28B | |
-9.42% | 20.14B | |
+17.00% | 19.83B | |
+43.36% | 17.2B |
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- Credit Suisse Reportedly Aims to Raise Its China Securities Joint Venture Stake to 100%