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CCB in talks to buy Taifook

皇冠体育app Daily | Updated: 2009-11-13 08:57

皇冠体育app Construction Bank (CCB), the nation's second largest lender, is in talks to buy control of Taifook Securities, to give it a solid footing in Hong Kong's lucrative retail securities market, a source close to the deal said yesterday.

NWS Holdings Ltd, the parent company of Taifook Securities, said in a posting to the Hong Kong stock exchange late on Wednesday that it was in talks to sell its 61.86-percent interest in Taifook, but did not disclose a buyer.

Taifook shares jumped nearly 13 percent yesterday after media reported that the potential buyer could be 皇冠体育app Construction Bank.

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