trending Market Intelligence /marketintelligence/en/news-insights/trending/PrdPRHg3Ogu6jfFS2FVy7Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CITIC Securities to acquire Guangzhou Securities

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Amazon e-commerce sales soar amid COVID-19


CITIC Securities to acquire Guangzhou Securities

CITIC Securities Co. Ltd. agreed to acquire a 100% equity interest in Guangzhou Securities Co. Ltd from Guangzhou Yuexiu Financial Holdings Group Co. Ltd. for up to 13.46 billion yuan.

The company will issue no more than 793,164,407 A-shares to Guangzhou Yuexiu Financial Holdings Group at 16.97 yuan per share.

Following the acquisition, Guangzhou Securities will become a wholly owned subsidiary of CITIC Securities.

The deal is subject to certain approvals including those from the board and shareholders.

As of Jan. 9, US$1 was equivalent to 6.81 Chinese yuan.