The Chicago Stock Exchange, which is seeking to win approval for a controversial takeover deal by Chinese investors, on Monday said that two companies controlled by the Lu family would own a combined 39 per cent of the exchange, but their voting power would be limited to 20 per cent.
In a filing with the Securities and Exchange Commission, the Chicago exchange detailed the underlying investors in its proposed acquisition by a group of backers led by China’s Chongqing Casin Enterprise Group. Chinese investors are set to own 49.5 per cent after the purchase.
The takeover would mark the first time a Chinese-led company took over a US bourse and it was met with some pushback in Washington when it was announced earlier this year.Donald Trump
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