Haitong Securities Proposes Merger with Guotai Junan

Haitong Securities Co (HK:6837) has released an update.

Haitong Securities Co., Ltd. has announced a proposed merger with Guotai Junan Securities, revealing the plan on the Shanghai Stock Exchange and advising shareholders to exercise caution due to the merger’s contingent nature on certain conditions being met. The merger is still subject to approval and fulfillment of specific conditions outlined in their joint announcement, and as such, it is uncertain whether the agreement will become effective. Shareholders and potential investors are encouraged to consult professional advisers and follow updates on the Hong Kong Stock Exchange’s website for further information.

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