Yintech Announces Acquisition of OTS Capital Management in Hong Kong and Addition of Senior Asset Management Professionals
YINTECH INVESTMENT HOLDINGS LTD AMERICAN DEPOS (YIN)
US:NASDAQ Investor Relations:
yintech.net
Company Research
Source: PR Newswire
SHANGHAI, Dec. 20, 2018 /PRNewswire/ -- Yintech Investment Holdings Limited (NASDAQ: YIN) ("Yintech" or the "Company"), a leading provider of investment and trading services for individual customers in China, today announced that Forthright Financial Holdings Company Limited, a wholly owned subsidiary of Yintech, has acquired OTS Capital Management Co., Ltd. ("OTS"), a Securities and Futures Commission ("SFC") registered asset management firm based in Hong Kong that focuses on fundamental and value investment strategies in secondary market. Established in 2015, OTS is a licensed corporation permitted to carry out Type 4 regulated activity (advising on securities) and Type 9 regulated activity (asset management) under the Securities and Futures Ordinance. OTS is regulated by the SFC and provides asset management services to individual and institutional customers for a variety of financial products traded on global capital markets, including stocks, bonds, ETFs and commodities. OTS gene
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