Guotai Junan and Haitong Securities Progress on Proposed Merger and Share Exchange

Guotai Junan Securities Co., Ltd. Class H ( (HK:2611) ) just unveiled an update.

Guotai Junan Securities Co., Ltd. and Haitong Securities Co., Ltd. have made significant progress towards their proposed merger and share exchange, as well as a major transaction involving the issuance of A shares and H shares. The merger and placement proposals have been deemed compliant with restructuring conditions and information disclosure requirements by the Shanghai Stock Exchange’s review committee. Despite this progress, certain conditions, such as anti-trust filings and shareholder approvals, remain pending. The companies will continue to update stakeholders as these conditions are met.

More about Guotai Junan Securities Co., Ltd. Class H

Guotai Junan Securities Co., Ltd. is a major player in the financial securities industry in China, providing a range of financial services including brokerage, investment banking, asset management, and financial advisory services. The company is focused on expanding its market presence and enhancing its financial service offerings.

YTD Price Performance: -7.35%

Average Trading Volume: 17,320,337

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$153.8B

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