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Haitong Securities Co ( (HK:6837) ) has issued an update.
Haitong Securities Co. and Guotai Junan Securities Co. have announced a significant merger and share exchange update, involving the issuance of A and H shares for the proposed merger and the concurrent placement of shares. The merger agreement and placement subscription agreement hinge on various regulatory approvals from authorities like the CSRC and Hong Kong Stock Exchange. These approvals are crucial for the merger’s effectiveness, indicating a strategic consolidation within the industry that may impact major stakeholders, including changes in major shareholders and controllers of related investment and fund management companies.
More about Haitong Securities Co
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.65B
For an in-depth examination of 6837 stock, go to TipRanks’ Stock Analysis page.
