Orient Securities Plans Full Acquisition of Shanghai Securities via Share Issue and Cash
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Orient Securities Co., Ltd. plans to fully acquire Shanghai Securities by issuing new A shares and paying cash, with share prices set between RMB10.29–10.49. Upon completion, Shanghai Securities will be a wholly owned subsidiary, and its financials will be consolidated. The deal is expected to be a notifiable transaction under Hong Kong listing rules, pending shareholder approval and compliance with regulations. Orient Securities operates in the securities industry, providing various financial services in China and Hong Kong.
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