Reuters pix.
HONG KONG: UBS Group AG, which is seeking regulatory approval to take a majority stake in its China securities joint venture (JV), plans to boost capital at the entity by about a third once the deal is completed, people familiar with the matter said.
The Swiss firm would increase capital at UBS Securities Co to at least 2 billion yuan (US$287mil), the people said, asking not to be identified discussing private information.
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