Guotai Junan revises merger report for Haitong Securities acquisition

Guotai Junan Securities has submitted a revised report to the Shanghai Stock Exchange (SSE) concerning its proposed acquisition of Haitong Securities. The revised document, filed on December 23, 2024, updates details about the merger, which involves a share swap for both A-share and H-share holders of Haitong Securities and additional fundraising. Key revisions include updated information on the debt situations of both companies, clarification on the procedures and approvals related to the transaction, and details about related-party transactions involving the purchase and sale of listed company shares. The original report was released on November 22, 2024. The SSE accepted the application for review on December 23, 2024.