Guotai Junan and Haitong Securities Advance Merger Plans

Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.

Guotai Junan Securities and Haitong Securities have announced a significant development in their proposed merger, as they have received the necessary acceptance from the Shanghai Stock Exchange and the China Securities Regulatory Commission to proceed with their plans. This merger involves a share exchange and fundraising, and while the approval is a crucial step forward, the finalization of the merger remains contingent on meeting specific conditions. Investors should remain cautious and consult advisors as the completion of this merger is not guaranteed.

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