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Guotai Junan completes share issuance for Haitong merger

March 13, 2025 at 12:25 PM UTCBy FilingReader AI

Guotai Junan Securities (SSE:601211) has announced the successful completion of its share issuance aimed at raising matching funds for the merger with Haitong Securities, structured as a share swap. The company issued 626,174,076 A-shares at a price of 15.97 yuan per share, raising a total of 10 billion yuan before expenses. Net proceeds totaled 9,984,811,320.75 yuan. All newly issued shares are subject to a 60-month lock-up period. The sole subscriber was Shanghai State-owned Assets Operation Co., Ltd., Guotai Junan's controlling shareholder. Following the issuance, Shanghai State-owned Assets Operation Co., Ltd. now holds 14.33% of the company's shares and is now also subject to lock-up for shares obtained in the process. China Securities Depository and Clearing Corporation has completed share registration of the newly issued stock on March 13, 2025. The controlling shareholder remains Shanghai State-owned Assets Operation Co., Ltd.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601211Shanghai Stock Exchange
Shanghai Blue Chip

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