Guosen Securities completes major acquisition, shareholder stakes diluted

Guosen Securities has announced the completion of its asset acquisition through share issuance, following approval from the China Securities Regulatory Commission. The company issued 629,313,683 new A-shares to acquire 96.08% of Wanhe Securities' shares from seven counterparties, increasing its total share capital from 9,612,429,377 to 10,241,743,060 shares. These new shares will be listed on the Shenzhen Stock Exchange on September 10, 2025.

This share issuance diluted the holdings of major shareholders. Shenzhen Investment Holdings Co., Ltd.'s stake decreased by 2.06% from 33.53% to 31.47%. China Resources SZITIC Trust Co., Ltd.'s holding fell by 1.36% from 22.23% to 20.87%, and Yunnan Combined (Group) Co., Ltd.'s share was reduced by 1.03% from 16.77% to 15.74%. The acquisition price for Wanhe Securities' 96.08% stake was RMB 5,191,837,913.76, with an issuance price of RMB 8.25 per share.

The transaction enhances Guosen Securities' cross-regional presence, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing economic circles. The company's total assets, owner's equity, operating income, and net profit attributable to the parent company are expected to increase, improving its risk resistance.