Guotai Junan completes share issuance for funding

Guotai Junan Securities (SSE: 601211) has completed the issuance of 626,174,076 shares to Shanghai State-owned Assets Operation Co., Ltd., raising ¥9.98 billion after deducting issuance costs. This move is linked to the company's merger with Haitong Securities. The new shares, priced at ¥15.97 per share, increase Guotai Junan's share capital to ¥9,529,904,696.00. Proceeds will support the merger, as approved by regulators and shareholders. Ernst & Young Hua Zhen verified all share amounts as well as other key metrics.