Goldman has applied to boost its stake in Goldman Sachs Gao Hua Securities Co. to 51% from 33%, a spokesman said Wednesday.
HONG KONG: Goldman Sachs Group Inc. sought regulatory approval to buy a majority stake in its investment banking joint venture in China, following rivals including UBS Group AG and setting the stage for eventually gaining full control.
Goldman has applied to boost its stake in Goldman Sachs Gao Hua Securities Co. to 51% from 33%, a spokesman said Wednesday.
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