Guotai Junan secures approval for Haitong merger and funding
Guotai Junan Securities (SSE:601211) has successfully obtained approvals for its merger with Haitong Securities through a share-swap, accompanied by a capital raise via a private placement. The offering, priced at ¥15.97 per share, involves issuing 626,174,076 new shares. Shanghai State-Owned Assets Operation Co., Ltd. will subscribe to all shares. This boosts Guotai Junan's capital by ¥10 billion. The merger and capital raise proceed after gaining approvals from the Shanghai Stock Exchange, China Securities Regulatory Commission (CSRC), and the Hong Kong Stock Exchange. China International Securities and Orient Securities served as co-underwriters. Proceeds net of issue expenses total ¥9,984,811,320.75 and will be listed on SSE.
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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