China's Southern Securities Co said it was in talks with foreign firms to help it expand and improve its management, Bloomberg News reported.
The Shenzhen-based brokerage has held talks with several firms, including Goldman Sachs Group Inc, about forming investment bank ventures to arrange shares sales in China, said its corporate secretary, Li Qiya.
Southern Securities' search for a partner comes two months after it was warned it may lose its operating license after client Macat Optics & Electronics Co admitted to inflating earnings for two years prior to a 2001 initial stock offer.
(China Daily March 27, 2002)
