Taiwan’s China Development to buy brokerage for $1.85 billion

TAIPEI (Reuters) – China Development Financial Holding will buy up to 100 percent of KGI Securities in a cash and stock deal worth T$54.6 billion ($1.85 billion), as it shifts to investment banking…

TAIPEI (Reuters) – China Development Financial Holding will buy up to 100 percent of KGI Securities in a cash and stock deal worth T$54.6 billion ($1.85 billion), as it shifts to investment banking…

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Read the original at Reuters: Deals.