Haitong Unitrust Merger Exempt from Mandatory Offer

Haitong Unitrust International Financial Leasing Co., Ltd Class H (HK:1905) has released an update.

Haitong Unitrust International Financial Leasing Co., Ltd announced that following a merger agreement between its majority shareholder, Haitong Securities, and Guotai Junan Securities, no mandatory general offer for the company’s shares will be required. The Securities and Futures Commission confirmed the merger will not trigger such an offer, ensuring shareholders of Haitong Unitrust will not be compelled to sell their shares. This move comes as a significant development in the financial sector, with potential impacts on the company’s stock performance.

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