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Orient Securities Co., Ltd. Class H ( (HK:3958) ) has issued an announcement.
Orient Securities has signed non-binding agreements of intent to acquire 100% of Shanghai Securities Company Limited through a mix of new A-share issuance and cash, buying out existing shareholders including Bailian Group, SIG affiliates, Shanghai Chengtou Group and Guotai Haitong. The contemplated deal, still subject to internal decisions, definitive documentation and regulatory approvals, could significantly expand Orient Securities’ scale and market presence, prompting a temporary suspension of its Shanghai-listed A shares for up to 10 trading days while Hong Kong-listed H shares continue to trade.
More about Orient Securities Co., Ltd. Class H
Orient Securities Co., Ltd. is a PRC-incorporated securities firm that operates in Hong Kong under the name DFZQ, providing brokerage, investment banking and other capital markets services. The company issues both A shares on the Shanghai Stock Exchange and H shares in Hong Kong, and has U.S.-dollar bonds listed in Hong Kong, reflecting its role as a cross-border financial intermediary.
YTD Price Performance: -12.72%
Average Trading Volume: 8,828,546
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.13B
For detailed information about 3958 stock, go to TipRanks’ Stock Analysis page.