Xinhua Silk Road: Guotai Junan Securities, Haitong Securities issue joint circular, disclosing merger details [Yahoo! Finance]
HAITONG SECS CO UNSP/ADR (HAITY)
NASDAQ:AMEX Investor Relations:
ir.htisec.com/en/ir_overview.php
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Source: Yahoo! Finance
The combined company will have net assets of 341.5 billion yuan and net capital of 177.4 billion yuan, ranking top in China's securities industry. The merger aims to integrate business, assets, and personnel to promote effective integration, improve profitability, and enhance synergy, with Guotai Junan planning to raise up to 10 billion yuan to support its international business and digital transformation. BEIJING Nov. 25, 2024 /PRNewswire/ -- Guotai Junan Securities Co., Ltd. and Haitong Securities Co., Ltd. on Thursday issued a joint circular at the Hong Kong Exchanges and Clearing Limited and a draft report on merger and restructuring at the Shanghai Stock Exchange, disclosing further details about the merger and restructuring of the two companies. A general meeting of shareholders will be held on December 13 , according to the circular. By the end of the third quarter of 2024, the combined net assets of the two companies topped 341.5 billion yuan (about 47.13 billion U.S. do
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