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Guotai Junan Securities Co., Ltd. Class H ( (HK:2611) ) has provided an update.
Guotai Haitong Securities, now part of Guotai Junan Securities, has inherited 47,786,169 A-share treasury shares from Haitong Securities’ 2023–2024 repurchase programme, equal to 0.2711% of its total share capital as of 31 March 2026. These shares were originally repurchased to support the share price and protect shareholder interests, with an initial plan to resell them via centralized bidding.
The board has approved a proposal to change the use of these treasury shares from potential resale to full cancellation, thereby reducing the company’s registered capital once shareholders approve it. Management frames the move as a step to safeguard shareholder interests, bolster investor confidence and enhance long-term investment value by shrinking the equity base and eliminating the overhang of unsold repurchased shares.
The most recent analyst rating on (HK:2611) stock is a Buy with a HK$14.61 price target. To see the full list of analyst forecasts on Guotai Junan Securities Co., Ltd. Class H stock, see the HK:2611 Stock Forecast page.
More about Guotai Junan Securities Co., Ltd. Class H
Guotai Haitong Securities Co., Ltd., now operating as Guotai Junan Securities after an absorption merger, is a PRC-based securities firm listed in Hong Kong. The company provides investment banking, brokerage, and related capital markets services, focusing on both domestic A-share and international investors through its Hong Kong listing.
Average Trading Volume: 10,448,758
Technical Sentiment Signal: Hold
Current Market Cap: HK$319B
For detailed information about 2611 stock, go to TipRanks’ Stock Analysis page.