On 19 November 2010, China Everbright Limited (“Everbright”) announced that it has commenced discussions with Everbright Securities Company Limited (“Everbright Securities”, an associate of Everbright and whose shares are listed on the Shanghai Stock Exchange (Stock Code: 601788)) on the sale and purchase of 51% of the share capital of Everbright Securities (International) Limited. 

 

Everbright Securities (International) Limited is a wholly owned subsidiary of Everbright. Through its subsidiaries, Everbright Securities (International) Limited conducts securities, futures, forex and bullion brokerage services, wealth management, investment banking and research businesses in Hong Kong. The indirect wholly owned subsidiaries of Everbright Securities (International) Limited include China Everbright Securities (HK) Limited, China Everbright Forex & Futures (HK) Limited, China Everbright Bullion Investment Limited, China Everbright Wealth Management Limited, China Everbright Research Limited and China Everbright Capital Limited. 

 

Everbright intends to sell to Everbright Securities 51% of the share capital of Everbright Securities (International) Limited. The proposed joint venture is under discussion between Everbright and Everbright Securities, and no legally binding document has been signed. Everbright and Everbright Securities believe that their cooperation will further strengthen the securities, futures, forex and bullion brokerage services, wealth management services, investment banking and research businesses in Hong Kong.