Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.
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Guotai Junan Securities Co., Ltd. has announced the continued suspension of trading of its H shares and certain guaranteed notes due to a pending proposal for a merger with Haitong Securities, which is awaiting approval by regulatory authorities. The company emphasizes that the merger is not assured and advises shareholders and potential investors to exercise caution. The trading of the company’s A shares on the Shanghai Stock Exchange will also remain halted, with an expected resumption within 25 trading days.
For further insights into HK:2611 stock, check out TipRanks’ Stock Analysis page.