tiprankstipranks
Company Announcements

Guotai Junan and Haitong Securities Merger Progress

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 are moving forward with their proposed merger and share exchange, having received key regulatory approval from the SFC for Guotai Junan to become a substantial shareholder in Haitong’s subsidiaries. However, additional conditions and approvals are still pending, including anti-trust clearances and shareholder approvals, before the merger and associated share placements can be completed.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1