Macquarie (ASX:MQG) Forms New Trust JV in China

  Sydney, Australia, Aug 27, 2009 - (ABN Newswire) - Macquarie Group Ltd. (ASX:MQG) said it has formed a Shanghai-based trust company joint venture with two state-owned companies.Macquarie, which holds 19.99% in the new venture, can offer yuan-denominated financial products and arrange domestic and equity financing in China. Foreign company is only allowed to invest no more than 19.99% in a Chinese trust company.  

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