ChinaLin Securities to Buy Majority Stake in Commodity Futures Brokerage; Shares Up 3%
ChinaLin Securities (SHE:002945) plans to acquire 94% of commodity futures brokerage HNA Futures, according to a Shenzhen bourse filing on Wednesday.The transaction price is yet to be determined.The stake will be acquired from HNA Capital Group and Shaanxi Yanghangyun Enterprise Management.The securities broker's shares jumped over 3% during the midday trade.