State Development & Investment Corporation acquired an additional stake in Essence Securities Co., Ltd. from Zhejiang Jinqiao Venture Capital Co., Ltd., Beijing Youcheng Asset Management Co., Ltd. and China Sci-Tech Capital Co., Ltd. for approximately CNY 120 million.
November 17, 2014 at 11:00 pm EST
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State Development & Investment Corporation signed a stake transfer contract to acquire an additional stake in Essence Securities Co., Ltd. from Zhejiang Jinqiao Venture Capital Co., Ltd., Beijing Youcheng Asset Management Co., Ltd. and China Sci-Tech Capital Co., Ltd. for approximately CNY 120 million on April 15, 2014. Zhejiang Jinqiao, Beijing Youcheng and China Sci-Tech will respectively transfer 13.39 million shares, 9.37 million shares and 1.33 million shares in Essence Securities.
State Development & Investment Corporation completed the acquisition of an additional stake in Essence Securities Co., Ltd. from Zhejiang Jinqiao Venture Capital Co., Ltd., Beijing Youcheng Asset Management Co., Ltd. and China Sci-Tech Capital Co., Ltd. in May, 2014.
SDIC Capital Co., Ltd, formerly SDIC Essence (Holdings) Co., Ltd, is a China-based company principally engaged in the securities business. The Company operates through five segments. The Brokerage segment manily includes brokerage business of securities and futures and the agent sales of financial products. Entrusted Asset Management segment mainly includes the pooled asset management, directional asset management and specific asset management. Proprietary Business segment mainly invests the Companyâs funds in equity securities, fixed income securities and derivatives and is involved in the market making business in the new over-the-counter (OTC) market. Investment Banking segment includes stock financing, bond financing, mergers and acquisitions and financial advisory services. Margin Trading segment includes margin trading, stock pledged repo and agreed-to-repurchase securities.
State Development & Investment Corporation acquired an additional stake in Essence Securities Co., Ltd. from Zhejiang Jinqiao Venture Capital Co., Ltd., Beijing Youcheng Asset Management Co., Ltd. and China Sci-Tech Capital Co., Ltd. for approximately CNY 120 million.
SDIC CAPITAL CO.,LTD 
