tiprankstipranks
Guotai Junan Securities Announces Merger with Haitong Securities
Company Announcements

Guotai Junan Securities Announces Merger with Haitong Securities

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

Don't Miss our Black Friday Offers:

Guotai Junan Securities Co., Ltd. has entered into a merger agreement with Haitong Securities, aiming to create a financial powerhouse poised to advance China’s financial services and reinforce Shanghai’s role as an international financial hub. The merger will be effected through a share exchange, with Guotai Junan Securities absorbing Haitong Securities, issuing new shares to Haitong’s shareholders. This strategic move is accompanied by a concurrent funding proposal to support the post-merger development and integration.

For further insights into HK:2611 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App