Cinda Securities Co. Ltd. ACinda Securities is being acquired by CICC in a share-swap merger, which is a positive capital event for its shareholders.
The share-swap merger of CICC with Dongxing Securities and Cinda Securities will be reviewed by the Shanghai Stock Exchange's M&A and Restructuring Review Committee on August 27. CICC announced on August 20 that it plans to issue A-shares to all A-share shareholders of Dongxing Securities and Cinda Securities in exchange for absorbing and merging the two firms. The Shanghai Stock Exchange's M&A and Restructuring Review Committee is scheduled to hold a review meeting on August 27 to examine the transaction.
Cinda Securities Co. Ltd. ACinda Securities is being acquired by CICC in a share-swap merger, which is a positive capital event for its shareholders.
Dongxing Sec Co LtdDongxing Securities is being acquired by CICC in a share-swap merger, which is a positive capital event for its shareholders.
China International Capital Corp LtdCICC is the acquirer in the merger, expanding its scale and market presence, which is a positive capital event.