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An announcement from Orient Securities Co., Ltd. Class H ( (HK:3958) ) is now available.
Orient Securities has agreed in principle to acquire 100% of Shanghai Securities by issuing new A shares and paying a portion in cash, with the issue price of the consideration shares set around RMB10.29–10.49 per share subject to adjustment after its 2025 profit distribution. Upon completion, Shanghai Securities will become a wholly owned subsidiary and its financials will be consolidated into the group, with the new shares to be issued under a specific mandate and listed in Shanghai.
The potential deal is expected to be treated as a notifiable transaction under Hong Kong listing rules, though its exact classification will only be determined once the total consideration is fixed and a definitive agreement is signed. As the vendors are independent third parties, the transaction is not expected to be a connected transaction, and the company plans to seek shareholder approval for the share issuance while committing to comply with all relevant Hong Kong regulatory requirements.
More about Orient Securities Co., Ltd. Class H
Orient Securities Co., Ltd. is a Chinese financial services firm operating in the securities industry, providing brokerage, investment banking, and related capital markets services through both mainland China and Hong Kong platforms, including Class H shares listed in Hong Kong and A shares listed on the Shanghai Stock Exchange.
Average Trading Volume: 12,113,333
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$85.98B
Learn more about 3958 stock on TipRanks’ Stock Analysis page.