Guosen Securities' acquisition faces Shenzhen Exchange committee review

Guosen Securities (SZSE:002736) announced that the Shenzhen Stock Exchange’s Merger and Acquisition Review Committee will convene on June 19, 2025, to review the company's proposal to issue A-shares for the purchase of 96.08% of Wanhe Securities. The sellers in this related-party transaction are a group including Shenzhen Capital Operation Group Co., Ltd., Shenzhen Kunpeng Equity Investment Co., Ltd., and other major investment firms. Guosen Securities notes that the transaction still requires approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. The company cautions investors that the outcome remains uncertain and commits to fulfilling disclosure obligations.