Orient Securities Plans Full Takeover of Shanghai Securities, Halts A-Share Trading
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Orient Securities Co., Ltd. has announced plans to acquire 100% of Shanghai Securities Company Limited through new A-share issuance and cash. The deal, which requires regulatory approvals, will temporarily suspend trading of its A shares for up to 10 days, while H shares continue to trade. This acquisition aims to enhance Orient Securities' market presence and scale. The company operates in Hong Kong and is involved in various capital market services, with a current market cap of HK$85.13B.
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