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Ageas N.V.

Ageas N.V.

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Publicatie datum 21 dec 2005 - 07:27
Statutaire naam Ageas N.V.
Titel Fortis Investments increases stake in its Chinese joint venture Fortis Haitong
Bericht Fortis Haitong Investment Management Co., Ltd. announced today that it had received CSRC approval to increase its registered capital to RMB 150 million (EUR 15.6 million) from RMB 100 million (EUR 10,4 million). Both Haitong Securities and Fortis Investments will therefore increase their capital contribution to RMB 76.50 million (EUR 7,97 million) and the foreign currency equivalent of RMB 73.50 million (EUR 7,66 million), resulting in each party holding 51% and 49% of the registered capital, respectively (previously 67% and 33% respectively). CEO of Fortis Haitong, Tian Rencan, said “The capital injection and shareholding adjustment provide a solid foundation for expanding the company’s already leading position in the Chinese fund management sector”. Managing Director of Fortis Investments, Stewart Edgar, stated that “The capital increase and re- balancing of the share holding fully reflects the commitment of Fortis Investments to Fortis Haitong and its partnership with Haitong Securities’’. Chairman of Haitong Securities, Wang Kai Guo, welcomed the capital increase and stated that “This action underlines the successful working relationship between Haitong Securities and Fortis Investments via Fortis Haitong” Background information Fortis Haitong Investment Management Co., Ltd. was one of the first sino-foreign joint venture fund management companies approved by the Chinese government and was incorporated in April 2003 following three years of extensive preparation by its shareholders. Its domestic shareholder is Haitong Securities Co., Ltd and its foreign counterpart is Fortis Investments. On 22 August 2003, Fortis Haitong officially started up its asset management business by successfully launching its first product, Best Selection Fund. Currently, Fortis Haitong has four open-end funds under its management:, Fortis Haitong Best Selection Fund, Fortis Haitong Income Fund, Fortis Haitong Money Market Fund. And Fortis Haitong Equity Fund. Meanwhile, th

Datum laatste update: 05 februari 2025