Guotai Junan Securities Co., Ltd. Class H (HK:2611) has released an update.
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Guotai Junan Securities Co., Ltd. has entered into a merger agreement with Haitong Securities, aiming to create a financial powerhouse poised to advance China’s financial services and reinforce Shanghai’s role as an international financial hub. The merger will be effected through a share exchange, with Guotai Junan Securities absorbing Haitong Securities, issuing new shares to Haitong’s shareholders. This strategic move is accompanied by a concurrent funding proposal to support the post-merger development and integration.
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