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Everbright Securities may buy Sun Hung Kai unit

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Everbright Securities Co, China's eighth-biggest brokerage, is nearing an agreement to buy control of Sun Hung Kai & Co's securities and wealth-management businesses for about US$500 million, people with knowledge of the matter said.

Hong Kong

EVERBRIGHT Securities Co, China's eighth-biggest brokerage, is nearing an agreement to buy control of Sun Hung Kai & Co's securities and wealth-management businesses for about US$500 million, people with knowledge of the matter said.

Everbright Securities will acquire