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CGS, CICC On Rumored Merger And Restructuring: Unaware of News
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Share prices of CGS (06881.HK) and CICC (03908.HK) reverted up yesterday (13th), sparking renewed speculation of a merger and restructuring between the two. The two brokers told Chinese media after the market closed that they had no knowledge of the news, and that everything would be subject to an announcement. Chinese media quoted a source close to CICC as speculating that the merger and restructuring plan will soon be finalized, and that CICC Wealth will be incorporated into CGS, while CICC will remain independent. AAStocks Financial News |
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