On November 26th, the Beijing Property Rights Exchange disclosed information that Beijing State owned Assets Management Co., Ltd. (hereinafter referred to as "Beijing State owned Assets") held 33% of the equity of UBS Securities at a transfer price of 1.537 billion yuan.
The disclosure period of this announcement is from November 26th to December 23rd. At present, UBS Securities has two shareholders, UBS AG and Beijing State owned Assets, with shareholding ratios of 67% and 33% respectively. This also means that Beijing State owned Assets intends to sell all of its equity in UBS Securities.
UBS responded to reporters by saying, "UBS increased its stake in UBS Securities to 67% in 2022. As previously disclosed, the process of further increasing its stake in UBS Securities to 100% is underway