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Orient Securities Co., Ltd. Class H ( (HK:3958) ) has shared an update.
Orient Securities has updated investors on discussions over a potential transaction that could involve issuing new A shares to certain sellers, which would raise their stake in the company and may trigger obligations under Hong Kong’s Takeovers Code. The firm intends to seek a whitewash waiver, conditional on independent shareholders’ approval, so that the transaction can proceed without a mandatory general offer if definitive agreements are eventually signed.
The proposed deal remains at a preliminary planning stage, with key terms, structure, and consideration still under negotiation and subject to internal approvals and regulatory clearances onshore and offshore. Trading in the company’s Shanghai-listed A shares remains suspended amid these uncertainties, while H-share trading in Hong Kong continues, and management has cautioned shareholders and potential investors to act prudently as there is no assurance the transaction will be completed.
More about Orient Securities Co., Ltd. Class H
Orient Securities Co., Ltd. is a PRC-incorporated securities firm with A shares listed in Shanghai and H shares traded in Hong Kong under stock code 03958. The group operates across capital markets and investment services, targeting both onshore and offshore investors through its dual-listing structure and associated bond issuance.
Average Trading Volume: 11,515,224
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.49B
For detailed information about 3958 stock, go to TipRanks’ Stock Analysis page.