Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.
Guotai Junan Securities Co., Ltd. has announced a trading halt of their H shares and various guaranteed notes on the Hong Kong Stock Exchange, effective from 9:00 a.m. on September 6, 2024, due to a pending announcement about a proposed merger with Haitong Securities. The merger, which is yet to be approved by regulatory authorities and the companies’ boards, would involve a share exchange and potentially a placement of new shares for raising funds. Investors are cautioned to seek professional advice as the merger discussions may not necessarily result in a final deal.
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