Orient Securities Plans 25.12 Billion Yuan Purchase of Shanghai Securities
2026-07-27 12:22:51
Orient Securities said it plans to acquire 100% of Shanghai Securities from Baian Group, Guotai Haitong and other counterparties through a mix of A-share issuance and cash, with a total transaction price of 25.12 billion yuan, according to Jiemian News. The consideration includes 23.55 billion yuan in share-based payment and 1.57 billion yuan in cash. Orient Securities will issue shares at 10.29 yuan each, for a total of about 2.289 billion shares.
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