Guolian Minsheng announced a capital reduction of 10 billion yuan for its wholly-owned subsidiary Minsheng Securities, along with a simultaneous free transfer of businesses. According to the announcement, Minsheng Securities' registered capital will be reduced from 11.5 billion yuan to 1.5 billion yuan, and Guolian Minsheng will still hold 100% of its shares after the reduction. At the same time, Guolian Minsheng plans to transfer its wealth management business assets to Minsheng Securities free of charge, and transfer Minsheng Securities' fixed income investment business and equity investment business assets to the company, in order to optimize resource allocation and improve overall capital efficiency.
Guolian Securities Co LtdCapital reduction and business swap aim to optimize resource allocation, but impact on Guolian Securities is unclear.
