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Grandall Law finds no insider trading in Haitong-Guotai Junan merger

December 13, 2024 at 11:05 AM UTCBy FilingReader AI

Grandall Law Firm (Shanghai) has cleared all investigated individuals of insider trading related to the merger between Guotai Junan Securities and Haitong Securities. The law firm conducted a review of stock trading activity from March 5, 2024, to November 21, 2024. Several individuals, including family members of those involved in the merger, traded shares of Guotai Junan (SSE:601211) and Haitong Securities (SSE:600837) during this period. However, Grandall concluded these trades were based on public information and personal investment decisions. The firm found no evidence of insider information being used for profit. The report details specific trading activities, including share purchases and sales by individuals and company accounts involved in market making, asset management and proprietary trading. The clearance removes a potential legal hurdle for the merger.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600837Shanghai Stock Exchange
Shanghai Blue Chip

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