fintech / news / / The Straits Times
Orient Securities plans to acquire a 100 per cent stake in Shanghai Securities.
Orient Securities will acquire 100% of Shanghai Securities via A-share issuance and cash combination.
KEY POINTS
- The merged entity will have approximately 583 billion yuan in assets after completion.
- Both Shenergy Group and Bailian Group, key stakeholders, are fully owned by Shanghai's state-assets administrator.
- China's securities regulator aims to create two to three globally competitive banks by 2035.
COMPANIES
Summarized by Newsio from The Straits Times. How we summarize →