Shandong International Trust Corp. Class H (HK:1697) has released an update.
Shandong International Trust Corp. Class H has announced the signing of an agreement with Guolian Securities to sell its shares in Minsheng Securities for a consideration of RMB346.7124 million. The transaction will be completed through the issuance of A shares by Guolian Securities, with the issue price adjusted based on the average trading price prior to the pricing benchmark date and subsequent profit distribution plan. The strategic asset acquisition aims to streamline operations and foster growth within the company’s financial portfolio.
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