Guotai Junan revises merger report after approval

Guotai Junan Securities (SSE: 601211) has announced revisions to its merger report following approval from the Shanghai Stock Exchange's Merger and Restructuring Review Committee. The company plans to acquire Haitong Securities through a share swap and raise additional funds. Key updates to the report (registration draft) include revisions regarding the debt situation of both companies, details of completed and pending approval procedures, and information on the transfer of Haitong Securities' debts. The revised report, filed on January 10, 2025, also updates the cover page and addresses key risk factors related to the merger. The original report (meeting draft) was published on January 3rd, 2025.