Guolian Securities Co., Ltd. Class H (HK:1456) has released an update.
Guolian Securities Co., Ltd. has announced a major strategic move by acquiring 99.26% of Minsheng Securities through a share issuance under a specific mandate. The company also plans to raise up to RMB 2 billion in supporting funds by issuing additional A Shares to a select group of no more than 35 subscribers, contingent upon the acquisition’s completion. This significant transaction is subject to the approval of the shareholders and must adhere to the stringent rules and requirements of the Hong Kong Stock Exchange’s Listing Rules.
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