Haitong Securities Co (HK:6837) has released an update.
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Haitong Securities Co., Ltd. has announced a continued suspension of trading for its H shares and certain bonds due to ongoing discussions of a potential merger with Guotai Junan Securities, which is still pending approval from regulatory authorities and company boards. Investors are cautioned to exercise prudence due to the uncertainty surrounding the merger’s finalization. The trading of the company’s A shares has also been suspended on the Shanghai Stock Exchange, expected to last no more than 25 trading days.
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