Guolian Minsheng Securities, Edmond de Rothschild Bank to Sell 58.409% Stake in China Ocean Fund for RMB267 Million

Guolian Minsheng Securities (601456.SH) said it has signed an equity transaction contract with Chengdu Jiaozixinxing Financial Investment Group to sell its 33.409% stake in China Ocean Fund Management, alongside a 25% stake held by France’s Edmond de Rothschild Bank, according to Jiemian News. The contract was signed on June 30 after the buyer emerged as an intended transferee during a public listing process. The total consideration is RMB267 million, including RMB153 million for Guolian Minsheng Securities’ stake. The company said it remains uncertain whether Jiaozixinxing can obtain the required qualification to become a shareholder of a public fund manager, as the deal still needs approval from the China Securities Regulatory Commission (CSRC). Jiaozixinxing has paid a RMB53.4 million deposit to the Shanghai United Assets and Equity Exchange. China Ocean Fund was jointly listed for transfer on April 3, with floor prices of RMB153 million and RMB114 million for the two stakes, and the listing period ended on June 3. As of end-Q1, the fund manager had RMB8.251 billion in public fund AUM, Wind data showed.