Orient Sec Co LtdOrient Securities is acquiring 100% of Shanghai Securities for 25.12 billion yuan, expanding its business.
Orient Securities has released a major acquisition plan, proposing to acquire all equity interests in Shanghai Securities held by counterparties including Bailian Group and Guotai Hainan through a combination of issuing A-shares and cash payment. The total transaction consideration is 25.12 billion yuan, of which the share consideration is 23.55 billion yuan and the cash consideration is 1.57 billion yuan. The share issuance price is 10.29 yuan per share, with a total of approximately 2.289 billion shares to be issued.
Orient Sec Co LtdOrient Securities is acquiring 100% of Shanghai Securities for 25.12 billion yuan, expanding its business.
Shanghai Bailian Group Co Ltd ABailian Group is a counterparty selling its stake in Shanghai Securities for 25.12 billion yuan, receiving shares and cash.
Guotai Junan Securities Co LtdGuotai Hainan, a subsidiary of Guotai Junan, is a counterparty selling its stake in Shanghai Securities.
Shanghai Securities is being acquired by Orient Securities at a valuation of 25.12 billion yuan.