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An announcement from China International Capital ( (HK:3908) ) is now available.
China International Capital Corporation Limited (CICC) announced a significant transaction involving a merger with Dongxing Securities and Cinda Securities through a share-for-share exchange. The proposed merger aims to consolidate their strengths and achieve collaborative growth, with CICC issuing 3.1 billion new A shares as part of the exchange. Upon completion, the merged entity will inherit all assets, liabilities, and operations of the absorbed firms, establishing a stronger market position and streamlining operations. The initiative is subject to regulatory and shareholder approvals, with an anticipated impact on improving market competitiveness and operational efficiency.
The most recent analyst rating on (HK:3908) stock is a Buy with a HK$25.10 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.
More about China International Capital
China International Capital Corporation Limited (CICC) is a leading financial institution in China that specializes in investment banking, wealth management, and other capital markets services. The company has a strong market focus on delivering comprehensive financial solutions and establishing lucrative collaborations within the securities industry.
Average Trading Volume: 25,836,986
Technical Sentiment Signal: Buy
Current Market Cap: HK$147.8B
For an in-depth examination of 3908 stock, go to TipRanks’ Overview page.