B · Normal
[Dongxing Securities: CICC's share-swap merger of Dongxing Securities and Cinda Securities was reviewed and approved by the Shanghai Stock Exchange] On August 27, Dongxing Securities (601198.SH) announced that the company, China International Capital Corporation and Cinda Securities Co., Ltd. planned to have CICC issue A shares to all A-share shareholders of Dongxing Securities and A-shares to all A-share shareholders of Cinda Securities. The Shanghai Stock Exchange's M&A and Reorganization Review Committee held a meeting to review on August 27, 2026, and the result was that this transaction complied with the restructuring conditions and information disclosure requirements. This transaction still needs approval from the China Securities Regulatory Commission and other competent authorities before it can be implemented, and there is uncertainty.
Comments