B · Normal
[Dongxing Securities and Cinda Securities have announced the list of two financing targets starting from September 9th] On September 9th, reporters learned that the Shanghai Stock Exchange has made further arrangements for the stock trading links involved in the stock exchange and merger of Dongxing Securities and Cinda Securities by CICC. Since the stocks of Dongxing Securities and Cinda Securities will cease to be listed after the completion of the merger, the two stocks have been removed from the list of underlying securities for margin trading and securities lending since September 9. It is worth noting that unsettled margin financing and securities lending contracts before the adjustment is implemented are still valid. Brokerages and customers can settle relevant contracts in advance as agreed, and members should continue to submit financing and securities lending data until the business is fully closed. The notice requires that investors who hold the above stocks in their credit accounts and need to declare cash options should transfer the corresponding stocks to their ordinary securities accounts and declare through them no later than September 14 (equity registration date). The relevant stocks held in the investor's credit account will be converted into CICC stocks according to the stock exchange ratio after the stock exchange is completed. The market value of securities in transit generated during the share exchange period shall be calculated at fair price as agreed and included in the market value of the collateral. The exchange requires that securities firms should pay close attention to subsequent information disclosures, communicate with customers in a timely manner on matters such as early settlement of contracts, declaration of cash options, and stock exchange mergers, and effectively protect the legitimate rights and interests of customers. (Reporter Lin Jian)
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