B · Normal
[China Securities Regulatory Commission accepts Soochow Securities’ acquisition of controlling stake in Donghai Securities] On September 1, Soochow Securities’ acquisition of controlling stake in Donghai Securities is proceeding in an orderly manner. According to the announcement of Donghai Securities, recently, the China Securities Regulatory Commission has accepted the administrative license application for the change of the company's controlling shareholder and actual controller, and the change of actual controller of the controlling subsidiary Donghai Futures Co., Ltd. in accordance with the law, and issued the "China Securities Regulatory Commission Administrative License Application Acceptance Form". According to the plan, Soochow Securities plans to acquire 83.68% of the shares of Donghai Securities through the issuance of shares and payment of cash at a consideration of 11.519 billion yuan. This transaction can only be implemented after review by the Shanghai Stock Exchange and approval by the China Securities Regulatory Commission. (Reporter Lin Jian)
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