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Monday, September 3, 2018
China’s Bohai Commodity Exchange will be offered 36% of the Ukrainian Exchange for about half a million dollars
China’s Bohai Commodity Exchange will be offered 36% of the Ukrainian Exchange for about half a million dollars, according to a vote Friday by shareholders of the Kyiv-based exchange, known as UX. Last May, Ukraine’s Anti-Monopoly Committee studyied a request by the Chinese exchange, known as BOCE, to buy at least 25% of the shares of a rival Ukrainian stock exchange, the PFTS. One year ago, BOCE won a tender to buy the Ukrainian Bank of Reconstruction and Development, paying about $3 million for the state bank. Based in Tianjin, a coastal city one hour from Beijing, the 10-year-old BOCE reportedly has an annual turnover of $1 trillion.