Guotai Junan to proceed with Haitong Securities merger

Guotai Junan Securities (601211.SS) has announced the implementation of its A-share swap for the absorption and merger of Haitong Securities, a transaction approved by the China Securities Regulatory Commission. The A-share swap implementation record date is set for March 3, 2025. Haitong Securities A-shares will be delisted on March 4, 2025, with shareholders receiving 0.62 shares of Guotai Junan for each Haitong Securities share held. Cash dividends that have been distributed before the A-share delisting date but have not been received by Haitong Securities A-share shareholders, will continue to be distributed by China Securities Depository and Clearing Co., Ltd., Shanghai Branch. Guotai Junan will also issue new A shares for supporting funds.