CICC: Application for absorption and merger of Dongxing Securities and Cinda Securities by share swap accepted by Shanghai Stock Exchange
China International Capital Corporation (CICC) has had its application to merge with Dongxing Securities and Cinda Securities accepted by the Shanghai Stock Exchange. The exchange has reviewed the application and found it to be complete and in the correct legal format, proceeding to an official review. Separately, Sanan Optoelectronics announced that its controlling shareholder, Xiamen Sanan Electronic Co., Ltd., has had 29 million shares frozen, representing 2.57% of its holdings and 0.58% of the company's total share capital. While this has not yet significantly impacted operations, it poses a risk to control stability. AI