Guotai Junan completes share swap for Haitong Securities merger

Guotai Junan Securities (601211.SS) has announced the completion of the share swap implementation related to its merger with Haitong Securities. The company clarified that while some brokerage systems are showing the swapped Guotai Junan A-shares in Haitong Securities shareholders' accounts, these are preliminary simulations. Haitong Securities A-shares will be delisted on March 4, 2025, after which its shares will be converted to Guotai Junan A-shares. The value of the stock will be reflected in investor portfolios once Guotai Junan issues new A-shares. The completion marks a key stage in Guotai Junan's acquisition of Haitong Securities.