Soochow Securities replies to Shanghai Stock Exchange inquiry, detailing integration path for multi-billion acquisition of Donghai Securities

M&A · Partnership
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Summary · why it matters

Soochow Securities issued an announcement responding to the Shanghai Stock Exchange's review inquiry letter concerning its issuance of shares to purchase an 83.68% stake in Donghai Securities, addressing core issues one by one including transaction purpose and integration control, goodwill risk, and pending litigation. The Shanghai Stock Exchange issued the review inquiry letter on July 1. Soochow Securities, together with its independent financial adviser Guotai Haitong Securities, KPMG Huazhen LLP, RSM China, China Enterprise Appraisals, and legal counsel, spent nearly two months completing the response and simultaneously revising the restructuring report.

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Off-coverage companies 4

Donghai Securities Co., Ltd.Private± Mixed
Capitalrelevance

Acquisition target; deal integration and risks under review.

KPMG InternationalPrivate± Mixed
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中企华资产评估有限责任公司 (Zhongqihua Asset Appraisal Co., Ltd.)Private± Mixed
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容诚会计师事务所(特殊普通合伙)Private± Mixed
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