Dongxing Securities announces major restructuring with CICC, China Minsheng

Dongxing Securities (SSE:601198) has announced a major asset restructuring plan involving CICC and China Minsheng, which will see CICC acquire Dongxing Securities and China Minsheng through a share swap. Under the proposed plan, CICC will issue A-share stocks to all A-share shareholders of Dongxing Securities and China Minsheng.

This complex deal involves the simultaneous absorption and merger of two A-share listed companies and one H-share listed company, necessitating a trading suspension for Dongxing Securities' A-shares starting November 20, 2025. The company anticipates the suspension will not exceed 25 trading days.

Dongxing Securities emphasizes that the final terms of the cooperation agreement are subject to further signing by all three parties. The restructuring requires internal decision-making procedures and approval from relevant regulatory authorities, and its successful implementation remains uncertain. The company will continue to adhere to information disclosure obligations and will resume trading once the matter is finalized.