According to foreign reports, Mitsubishi UFJ Financial Group Corporation (MUFG) is considering selling its stake in Dah Sing Financial (0440).
According to a person familiar with the matter quoted by Bloomberg, MUFG has been trying to reduce its holdings and conducted several reviews in the past period of time.
According to the report, the group reduced its holdings in 2019 and said at the time that it would continue to review its investments, including the remaining shares of Dah Sing Financial; currently MUFG holds about 10% of the shares.
A MUFG spokesman declined to comment, while Dah Sing Financial did not respond, the report said.
Dah Sing Financial closed at 23.8 yuan, up 1.35 yuan or 6%