Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.
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Guotai Junan Securities and Haitong Securities have announced updates on their proposed merger and share exchange, which includes issuing new shares under a specific mandate. The merger will proceed once specific voting conditions are met by both companies’ shareholders. Additionally, a special deal involving a put option arrangement with BOCI Asia is subject to regulatory consent and shareholder approval.
For further insights into HK:2611 stock, check out TipRanks’ Stock Analysis page.