Mergers and acquisitions and restructuring activities often have a significant impact on the stock prices of listed companies. Companies like Shuangcheng Pharmaceutical, Fulide, Guotai Junan, and Haitong Securities all saw their stock prices rise by the daily limit after announcing their mergers and acquisitions, but today Guolian Securities' stock price turned green.
In fact, from the beginning of the year to date, the nonbank financial sector represented by securities and insurance has ranked first in terms of growth . Securities companies such as CITIC Securities, Oriental Fortune, and india phone number list China Merchants Securities have all seen an increase of more than 40%, far exceeding the CSI 300. If the market conditions heat up in the future, securities firms as "bull market flag bearers" will still be worthy of attention.
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Public information shows that the acquirer Guolian Securities was established in 1999, with its registered address in Wuxi, Jiangsu, and its actual controller is the Wuxi Stateowned Assets Supervision and Administration Commission. Its predecessor was Wuxi Securities Company. In May 2008, it was restructured and renamed Guolian Securities Co., Ltd. It was listed on the Hong Kong Stock Exchange in 2015 and successfully landed on the main board of the Shanghai Stock Exchange in 2020.
The target party, Minsheng Securities, was established in 1997 and is registered in Shanghai. As of the date of signing of this report, Minsheng Securities has no controlling shareholder or actual controller. Among them, Guolian Securities' controlling shareholder, Guolian Group, holds 30.52% of Minsheng Securities' shares and is its largest shareholder.