(Bloomberg) Haitong Securities Co. is mulling to take private its Hong Kong-listed investment banking unit, people familiar with the matter said, as it seeks to gain full control to turn around the loss-making arm.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysChina Puts Evergrande’s Billionaire Founder Under Police ControlRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-B
Haitong Securities plans to buy the remainder of its Hong Kong-listed subsidiary Haitong International in a bid to stem the offshore investment banking arm s losses, two sources with knowledge of.