Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Guotai Junan Securities Co., Ltd. Class H ( (HK:2611) ) has issued an update.
Guotai Junan Securities Co., Ltd. has received approval from the China Securities Regulatory Commission to merge with Haitong Securities Co., Ltd. through an absorption and share exchange process. This merger involves the issuance of nearly 6 billion new shares and aims to raise up to RMB 10 billion in ancillary funds. The merger will result in Guotai Junan becoming the major shareholder of several investment management firms, and the branches of Haitong Securities will be rebranded under Guotai Junan, potentially strengthening its market position and expanding its operational reach.
More about Guotai Junan Securities Co., Ltd. Class H
Guotai Junan Securities Co., Ltd. is a leading securities firm in China, focusing on financial services such as securities brokerage, investment banking, and asset management.
YTD Price Performance: -6.45%
Average Trading Volume: 9,367,850
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$153B
See more insights into 2611 stock on TipRanks’ Stock Analysis page.
