Dongwu Securities to Acquire Donghai Securities for 11.52 Billion Yuan

Dongwu Securities is planning a significant acquisition, intending to purchase 83.68% of Donghai Securities for approximately 11.52 billion yuan. The deal will involve a combination of stock issuance and cash payment, with the stock portion valued at 10.79 billion yuan and the cash portion at 732 million yuan. This transaction, which has passed the company's board of directors, is subject to shareholder approval, stock exchange review, and regulatory registration. AI

RANK_REASON This is a significant financial transaction involving two securities firms, representing a major M&A event in the financial sector. [lever_c_demoted from significant: ic=1 ai=0.1]

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• Changzhou Investment Group
• China Securities Regulatory Commission
• Donghai Securities
• Dongwu Securities
• Shanghai Stock Exchange

• funding
• other

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