Guotai Junan to merge with Haitong Securities in landmark deal
Guotai Junan Securities Co., Ltd. plans to acquire Haitong Securities Co., Ltd. through a share swap and absorption merger. The deal, valued at approximately RMB 97.615 billion, will create a leading investment bank with enhanced capabilities and a stronger market presence. Guotai Junan will issue A-shares to Haitong's A-share holders and H-shares to H-share holders at a ratio of 1:0.62. Concurrently, Guotai Junan will raise supporting funds of up to RMB 100 billion from Shanghai State-owned Assets Operation Co., Ltd. Post-merger, the combined entity will retain the Guotai Junan name and integrate both firms' operations, focusing on international expansion, digital transformation, and enhanced trading and investment capabilities. The transaction requires regulatory approvals and is subject to shareholder votes.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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