Guotai Junan merger with Haitong Securities faces key review

The Shanghai Stock Exchange (SSE) Merger and Acquisition Review Committee will review Guotai Junan Securities' proposed merger with Haitong Securities on January 9, 2025. Guotai Junan plans to acquire Haitong Securities through a share swap, issuing both A-shares and H-shares to current Haitong shareholders. The deal also includes raising additional funds. The transaction is subject to approval from the SSE, the China Securities Regulatory Commission, and other relevant authorities. There is no certainty the deal will be finalized. Haitong Securities encourages investors to monitor future announcements for updates and acknowledges the inherent investment risks.