
Guotai Haitong to Cancel Treasury A Shares and Cut Registered Capital

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Guotai Junan Securities Co., Ltd. has announced that Guotai Haitong Securities will cancel 47,786,169 A-share treasury shares, representing 0.2711% of its total share capital, to reduce registered capital. This decision aims to protect shareholder interests and enhance long-term investment value by eliminating unsold repurchased shares. The board's proposal requires shareholder approval. The current analyst rating for Guotai Junan Securities is a Buy, with a price target of HK$14.61.
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