Guotai Junan sets dissenting shareholder buyback price at ¥14.86
Guotai Junan Securities (SSE: 601211) has announced the exercise price for dissenting shareholders in its merger with Haitong Securities. Shareholders who voted against the merger at the 2024 third extraordinary general meeting can sell their shares for ¥14.86. The offer represents a 19.65% discount to the closing price of ¥17.78 on February 5, 2025. Eligible shareholders have from February 6 to February 7, 2025, to apply for the buyback. The application must be submitted offline via fax, mail, or in person at the company's offices. Successful applicants must sign a share transfer agreement at the Shanghai Stock Exchange on February 7, 2025. A maximum of 18,937,234 shares are eligible for the buyback. Shanghai International Group will be the purchaser of the shares.
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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