Guotai Junan and Haitong Securities Merger Progress

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

Guotai Junan Securities and Haitong Securities have announced significant progress in their proposed merger, as the Chinese authorities have cleared the anti-trust review process and approved the merger plan. This strategic move includes a share exchange and fundraising efforts, designed to strengthen their market positions. More updates on the merger will follow as conditions are further satisfied.

For further insights into HK:2611 stock, check out TipRanks’ Stock Analysis page.