Guotai Junan suspends A shares for Haitong Securities merger

Guotai Junan Securities (SSE: 601211) announced the suspension of its A shares starting February 6, 2025. The suspension is due to the upcoming acquisition of Haitong Securities, approved by the China Securities Regulatory Commission (CSRC) on January 17, 2025. The suspension facilitates the process of dissenting shareholders exercising their appraisal rights, a process that begins with the submission of applications on February 6th. Trading will resume on the day the company announces the results of the appraisal rights exercise. This merger will consolidate two major Chinese brokerages.