CSRC has no objections to AssetMark spinoff

China stock market random 150 x 230
By Gina Lee
12 Jun 2019

Chinese brokerage Huatai Securities has received one of two approvals needed to spin off its subsidiary AssetMark Financial Holdings in the US.

The China Securities Regulatory Commission gave its nod to the float, stating that it “has no objections” to the spinoff, according to a company announcement on Monday. The remaining approval from the US Securities and Exchange Commission is still pending.

Final board approval from both Huatai and ...

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