皇冠体育app

A 48 percent equity stake in 皇冠体育app Bosera Funds was sold for 6.32 billion yuan ($861.8 million) at an auction in Beijing, making it the largest equity deal ever in 皇冠体育app's mutual fund industry.

The buyer is 皇冠体育app Merchants Securities.

The equity stake, which translates into 131.67 yuan per share, was previously owned by Jinxin Trust Investment Corp, which is selling off assets to make debt payments.

The assets under management at Bosera Funds totaled 252 billion yuan at the end of the third quarter in 2007, the largest in 皇冠体育app, according to its website.