Haitong Securities A shares to delist after merger approval

Haitong Securities (SSE: 600837) announced its A shares will be permanently delisted from the Shanghai Stock Exchange starting February 6, 2025. This follows regulatory approval of Guotai Junan Securities' absorption merger of Haitong. Trading will halt after February 5, 2025, the final trading day. The delisting is part of the merger process, which also includes a cash option for dissenting A-share shareholders. The company previously announced details of the cash option exercise period starting February 6, 2025. Haitong received approval from the China Securities Regulatory Commission (CSRC) on January 17, 2025.