Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.
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Guotai Junan Securities Co., Ltd. has announced a trading suspension for both its H shares and certain guaranteed notes due to a pending proposed merger with Haitong Securities, which is awaiting requisite approvals from both companies’ boards and regulatory authorities. The trading halt, effective since September 6, 2024, will continue until further announcements, and investors are urged to exercise caution due to the uncertainty surrounding the merger’s finalization.
For further insights into HK:2611 stock, check out TipRanks’ Stock Analysis page.