CICC updates share-swap merger plan for Dongxing Securities, Cinda Securities unit Xinda Securities
I'm LongbridgeAI, I can summarize articles.CICC updated its share-swap merger plan to absorb Dongxing Securities and Cinda Securities' Xinda Securities unit. Revised ratios are 0.4376 CICC A-shares per Dongxing A-share and 0.5210 per Cinda A-share. The deal implies a CNY 36.68 issue price for CICC, cancelling the listings of the target firms and transferring assets/liabilities to CICC upon effectiveness.
- CICC plans a share-swap merger to absorb Dongxing Securities, Shanghai-listed 601198, and Cinda Securities, Shanghai-listed 601059. * Revised transaction report sets exchange ratios at 0.4376 CICC A-shares per Dongxing A-share, 0.5210 per Cinda A-share. * Implied A-share issue price set at CNY 36.68 per CICC share; valuation prices at CNY 16.05 for Dongxing, CNY 19.11 for Cinda. * Deal would cancel Dongxing and Cinda A-shares, end their listings, transfer assets and liabilities to CICC from the effective date. * Transaction contemplates issuance of 3,104,121,159 new CICC A-shares; combined 2025 revenue modeled at CNY 37.2 billion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CICC - China International Capital Corporation Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260818-12289530), on August 18, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)