Orient Securities: Proposes to Acquire 100% Equity of Shanghai Securities by Issuing Shares and Paying Cash
Oriental Securities has announced plans to acquire 100% of Shanghai Securities through a combination of issuing A-shares and paying cash. The transaction involves multiple sellers, including Bailian Group, Guotai Haitong Securities, Shanghai International Group Investment, Shanghai International Group, and Shanghai Chengtou. The specific share distribution and cash payment details are outlined for each selling entity. The final valuation and audit of Shanghai Securities are still pending and will be disclosed in the restructuring report. AI