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Shanghai Govt Greenlights Merger & Restructuring of Guotai Junan & Haitong Securities
Recommend 5 Positive 18 Negative 10 |
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The Shanghai Municipal Government issued an approval for the merger and restructuring of Guotai Junan Securities Co., Ltd. and Haitong Securities Co., Ltd. After consideration, the municipal government agreed to the merger and restructuring of the two companies, and instructed the Shanghai State-owned Assets Supervision and Administration Commission to, under the relevant regulations, solidify organizational leadership, clarify responsibilities, ensure the orderly implementation of the merger and restructuring, and guide the companies in legally and compliantly handling equity transactions, name change registrations, management structure adjustments, and business integration optimization, so that the merger and restructuring process can be completed smoothly and efficiently. AAStocks Financial News |
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