China’s Sinopec To Acquire 10.98% Of JD Capital’s Securities Unit, Eyes PE Deals

China’s state-owned petroleum and petrochemical company Sinopec Group has agreed to acquire a 10.98% stakes in Jiuzhou Securities, the securities unit of Chinese local private equity player JD Group, for RMB407 million (US$59 million), according to a disclosure filing.

China Money Network

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