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An announcement from Haitong Securities Co ( (HK:6837) ) is now available.
Haitong Securities Co., Ltd. announced the approval from the China Securities Regulatory Commission for a merger with Guotai Junan Securities Co., Ltd. through a share-for-share exchange and absorption. This strategic move involves issuing new shares and raising significant ancillary funds, resulting in Guotai Junan becoming the major shareholder in several associated companies, thereby impacting Haitong’s operations and industry positioning.
More about Haitong Securities Co
Haitong Securities Co., Ltd. is a leading financial services company in the People’s Republic of China, primarily involved in securities trading, brokerage, and investment management. It operates in the financial services industry with a focus on providing comprehensive securities-related services to its clients.
YTD Price Performance: 51.89%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.64B
See more data about 6837 stock on TipRanks’ Stock Analysis page.
