According to Hong Kong’s takeover code, if the deal is approved by shareholders, Zhongtai Financial International will trigger a mandatory offer for all of Quali-Smart’s existing shares. Photo: Shutterstock

China’s Zhongtai Securities pays US$270m for Hong Kong listing through Quali-Smart takeover

Proposed deal gives state-controlled broker access to international capital markets amid ongoing investigation by mainland regulator

Topic |   State-owned enterprises

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According to Hong Kong’s takeover code, if the deal is approved by shareholders, Zhongtai Financial International will trigger a mandatory offer for all of Quali-Smart’s existing shares. Photo: Shutterstock
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