Cinda Securities Co. Ltd. ACinda Securities is being acquired by CICC via share swap, which typically provides a premium to shareholders.
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.
Cinda Securities Co. Ltd. ACinda Securities is being acquired by CICC via share swap, which typically provides a premium to shareholders.
Dongxing Sec Co LtdDongxing Securities is being acquired by CICC via share swap, which typically provides a premium to shareholders.
China International Capital Corp LtdCICC is the acquirer in a share-swap merger; the impact is uncertain due to potential dilution and integration risks.