A company controlled by missing tycoon Xiao Jianhua’s Tomorrow Holding owns an 11.83 per cent stake in Hengtou Securities. Photo: SCMP Handout

Hengtou Securities ends up 29 per cent in Hong Kong after Citic Guoan buys HK$11 billion of domestic shares

Citic Guoan, a unit of Chinese conglomerate Citic Group, will replace SASAC Beijing Xicheng District as the largest shareholder

Topic |   Xiao Jianhua

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A company controlled by missing tycoon Xiao Jianhua’s Tomorrow Holding owns an 11.83 per cent stake in Hengtou Securities. Photo: SCMP Handout
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.