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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Morgan Stanley | NYSE:MS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.81 | 0.85% | 95.60 | 95.93 | 94.71 | 94.96 | 7,416,827 | 22:36:06 |
From May 2019 to May 2024
By Martin Mou
Morgan Stanley (MS) is close to becoming the controlling shareholder in its joint venture with China Fortune Securities, after buying an additional 2% stake in the asset for 376.2 million yuan ($54.5 million).
If approved, the 2% stake will bring the U.S. bank's total holding in Morgan Stanley Huaxin Securities to 51%, Shanghai Chinafortune Co. (600621.SH) said Friday in a filing to the Shanghai Stock Exchange.
Shanghai Chinafortune is the parent company of China Fortune Securities.
The transfer is subject to regulatory approvals, Shanghai Chinafortune said.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
August 02, 2019 05:25 ET (09:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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