League of Nations Securities (01456) rose nearly 6% at the end of the session. As of press release, it was up 5.56% to HK$3.99, with a turnover of HK$80.352 million.
The Zhitong Finance App learned that Guolian Securities (01456) rose nearly 6% at the end of the session. As of press release, it had risen 5.56% to HK$3.99, with a turnover of HK$80.352 million.
According to the news, Guolian Securities announced that the company is planning to acquire control of Minsheng Securities Co., Ltd. and raise supporting capital by issuing A-shares. As of the disclosure date of this announcement, the company and relevant parties are currently negotiating, verifying and confirming the restructuring plan.
Dongwu Securities pointed out that the collaborative integration between the League of Nations and Minsheng has once again reached a new level, fully in line with the regulatory support leading institutions to improve and become stronger through mergers, acquisitions and restructuring. It is expected that while drastically increasing its size, Guolian Securities will complement its advantages with Minsheng Securities. Furthermore, according to simple estimates based on public data, after the integration of Guolian Securities and Minsheng Securities, major businesses such as investment banking, fixed income, research, and asset management will enter the first tier of the industry and become a quasi-leading brokerage firm.