Market Insight | Major Asset Restructuring Plan Implemented Haitong Securities opens 134% higher Guotai Junan Securities opens 106% higher
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The merger and reorganization of Guotai Junan Securities and Haitong Securities is progressing smoothly. After the resumption of trading, the stock prices of both companies have risen significantly, with Haitong Securities up 134.35% to HKD 8.5 and Guotai Junan up 106.17% to HKD 16.3. The merger will be carried out through a stock-for-stock absorption merger, with a swap ratio of 1:0.62. Analysts believe that this merger will enhance the comprehensive strength of the new company, potentially making it a leader in the securities industry and accelerating industry consolidation through mergers and acquisitions
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