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Enterprise Dev (01808) to buy stake in Taiping Securities
Enterprise Development (01808) said it agreed to acquire 50% equity interest in
Taiping Securities (HK) Co Limited at HK$229.88 million  from China Taiping
Insurance (00966).
  The consideration will be settled by the allotment and issuance of consideration shares
and issue of convertible bonds.
  The target company is a company incorporated in Hong Kong with limited liability, which
is licensed by the SFC to carry out Type 1 (dealing in securities) regulated activity
under the SFO, and is principally engaged in the businesses of securities dealing and
broking, and securities margin financing.

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