Jan 13, 2024 05:29 PM

BUSINESS

Haitong Securities Delists Hong Kong Unit After Heavy Losses

By Kelsey Cheng and Wang Xiaoqing

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Haitong International Securities Group Ltd. delisted from the Hong Kong Stock Exchange on Thursday. Photo: IC Photo

Haitong International Securities Group Ltd. delisted from the Hong Kong Stock Exchange on Thursday. Photo: IC Photo

Haitong Securities Co. Ltd. (600837.SH) has taken its Hong Kong-listed investment banking unit private, after the subsidiary was weighed down by heavy losses in volatile markets in recent years.

Haitong International Securities Group Ltd. delisted from the Hong Kong Stock Exchange on Thursday after nearly 14 years , following a timeline announce d by its parent a day earlier.

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