Guolian Securities Co., Ltd. Class H (HK:1456) has released an update.
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Guolian Securities Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) for its ambitious plan to acquire assets by issuing A Shares and raising up to RMB 2 billion in supporting funds. This strategic move will allow the company to expand its influence by becoming a substantial shareholder in Minsheng Securities and align with major players like Fengquanyu. The acquisition marks a significant step in Guolian’s growth strategy, paving the way for a broader market presence.
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