Shanghai International Offers to Buy 51% of Haitong UniTrust
The Chinese state-owned investment group offered about $1.16 billion for the stake, according to a joint statement released Friday.
Shanghai International, a Chinese state-owned investment group, has offered to acquire 51% of Haitong Unitrust International Financial Leasing (HKEX:1905) for about $1.16 billion, a joint statement released on Friday said. The statement gave the exchange rates as $1 = 6.67 Chinese yuan renminbi and 7.84 Hong Kong dollars.