GTHT Reportedly Looking at Privatization of HAITONG UT, Seeking to Integrate Overseas Biz
I'm LongbridgeAI, I can summarize articles.GTHT is reportedly considering the privatization of its subsidiary HAITONG UTto consolidate overseas business. This move aims to integrate overlapping divisions into a single listed entity, enhancing competitiveness against major Wall Street firms. GTHT previously announced plans to privatize GUOTAI JUNAN I.
After announcing plans to privatize GUOTAI JUNAN I (01788.HK) -0.010 (-0.349%) Short selling $5.57M; Ratio 2.954% , GTHT (02611.HK) +0.170 (+1.193%) Short selling $14.70M; Ratio 16.969% is looking at the consolidation of its overseas business and considering the privatization of another subsidiary, HAITONG UT (01905.HK) +0.035 (+4.403%) , Bloomberg, citing sources, reported.
Privatizing HAITONG UT should help GTHT more easily integrate overlapping overseas divisions into a single listed company and better wrestle with major Wall Street firms, sources divulged.
HAITONG UT mainly engages in financial leasing, purchasing physical assets and leasing them to multiple industries. The company was listed in Hong Kong in 2019. Its share price last mounted 3.77% to HKD0.825.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-13 16:25.)