uaesouthkoreafootball| Guolian Securities resumes trading: 100% acquisition of Minsheng Securities and plans to raise 2 billion yuan to help business expansion

News summary

Guolian Securities announced the resumption of trading, with a planned 11uaesouthkoreafootball.31 yuan/share to purchase 100% of Minsheng Securities, raising no more than 2 billion yuan, helping the integrated development of the Yangtze River Delta. Before the suspension, the stock price was 10.46 yuan/share, and Hong Kong stocks rose by more than 50%.

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Guolian Securities announced a major asset restructuring plan and intended to acquire 100% Minsheng Securities

Guolian Securities, a company that plays an important role in the capital marketuaesouthkoreafootballAfter leading the wave of mergers and acquisitions by securities firms, they have announced that they will resume trading on May 15, 2024. This resumption announcement was released after the company announced its major asset restructuring plan on the evening of May 14, in which transaction details have been further clarified.

According to the latest disclosure, Guolian Securities plans to purchase 100% of Minsheng Securities held by Guolian Group and 46 other entities by issuing A shares, at a price of 11.31 yuan/share. In addition, the company also plans to issue A-shares to no more than 35 specific investors and raise matching funds. The total amount raised will not exceed 2 billion yuan and the number of A-shares issued will not exceed 250 million.

The proposal of this asset reorganization plan means that Guolian Securities plans to achieve a comprehensive acquisition of Minsheng Securities. This move is expected to significantly enhance the company's investment banking and securities brokerage business strength, and achieve greater synergy through business integration.

Before the suspension, the stock price of Guolian Securities was 10.46 yuan/share. During the suspension period, brokerage stocks collectively performed actively, and the Hong Kong stocks of Guolian Securities also showed a significant increase, showing the market's positive reaction to the restructuring news.

Guolian Securities emphasized in the plan that the purpose of this transaction is to implement the integrated development strategy of the Yangtze River Delta and promote the company's leapfrog development through resource integration and optimization. At the same time, the company also reminded investors that although the transaction has been approved by the board of directors, it still requires approval from the shareholders 'meeting and relevant regulatory agencies, and there is certain uncertainty.