will own 71% of its Chinese securities joint venture after completing the transaction to buy a 20% stake from one of its local partners, according to an exchange filing on Monday.
The deal, which was first flagged in September, will see the Wall Street bank edge closer to full ownership of the securities business in China as geopolitical relations between the United States and China remain fragile. JPMorgan’s purchase was finalised just ahead of the Nov. 3 election in which the future of China’s relationship with the United States has been a centrepiece of the campaign.
JPMorgan was the only candidate that could raise its ownership with priority rights in the securities joint venture, the filing showed, as the remaining four shareholders had given up their rights to purchase the 20% stake.
Do they own it?
Know wonder they pour money into the Biden camp 🖕
Wtf hahahaha
CCP BidenCrimeFamiIy Cameron
Whoa!!!
👀
Excuse me while I quietly divest
Typo?
I wonder why humm🤔
Expertise...