Edition:
India

Huatai Securities Updates On Spin-Off Of Assetmark In U.S.


Thursday, 18 Jul 2019 

July 18 (Reuters) - Huatai Securities Co Ltd <601688.SS>::UPDATE ON THE SPIN-OFF OF ASSETMARK IN THE U.S..OFFERING PRICE WAS FIXED AT US$22 PER ASSETMARK SHARE.OUT OF 12.5 MILLION ASSETMARK SHARES BEING OFFERED IN OFFERING, 6.3 MILLION ASSETMARK SHARES WILL BE SOLD BY AN AFFILIATE OF COMPANY.TRADING IN ASSETMARK SHARES ON NYSE IS EXPECTED TO COMMENCE ON JULY 18.REGISTRATION STATEMENT ON FORM S-1 FILED BY ASSETMARK WITH U.S. SEC WAS DECLARED .