CICC's Share-Swap Merger with Dongxing Securities and Cinda Securities Accepted by CSRC

Corporate Action
โดย 央广财经·Read original
Summary · why it matters

CICC plans to absorb Dongxing Securities and Cinda Securities through a share swap by issuing A-shares to all A-share shareholders of the two brokerages. The China Securities Regulatory Commission has recently accepted the administrative licensing applications related to the merger and change of major shareholders. The transaction still needs to be reviewed by the Shanghai Stock Exchange and approved by the CSRC, and there is uncertainty as to whether it can be successfully implemented.

Impact on stocks 3

Others · 3 stocks
Cinda Securities Co. Ltd. A
601059
▲ PositiveCapitalrelevance

Cinda Securities is being acquired by CICC via share swap, which typically provides a premium to shareholders.

Dongxing Sec Co Ltd
601198
▲ PositiveCapitalrelevance

Dongxing Securities is being acquired by CICC via share swap, which typically provides a premium to shareholders.