BRIEF-Changjiang Securities' biggest shareholder to buy more company shares in 12 months
* Says its biggest shareholder plans to buy at least 30 million shares in the company in next 12 months after adding about 0.1 percent stake on May 23
BRASILIA Oct 10 Swiss bank UBS Group AG signed a partnership with Brazilian real estate consultancy Real Estate Capital (REC) to tap growing demand by institutional investors for opportunities in Brazil's property market, UBS said on Monday.
The partnership will be led by Moise Politi, the former chief executive and co-founder of Brazilian Finance & Real Estate SA (BFRE), and will focus primarily on the cities of Rio de Janeiro and Sao Paulo through UBS's Global Real Estate business.
"We continue to see a growing interest in alternative assets from institutional investors globally. We have identified strong demand for Brazilian property investment strategies and are pleased to be expanding our leading global real estate capabilities to meet the needs of our clients," Ulrich Koerner, president of UBS Asset Management, said in a statement. (Writing by Silvio Cascione; Editing by Bernadette Baum)
NEW YORK, May 23 Companies creating and issuing tokens to raise capital for their projects have a responsibility to protect their investors, said a U.S. Securities and Exchange Commission official on Tuesday, the first public comments on the issue made by an agency employee.