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CICC's Dongxing, Cinda Share-Swap Mergers Accepted for Bourse Review

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China International Capital (HKG:3908, SHA:601995) said the Shanghai Stock Exchange accepted its merger agreement to absorb Dongxing Securities (SHA:601198) and Cinda Securities (SHA:601059) for review, according to a Monday filing with the Hong Kong bourse.

The firm is acquiring the businesses through a share-for-share exchange.

Dongxing and Cinda will be absorbed and deregistered, with all assets, liabilities, and operations transferred to the enlarged group.

The proposed share-swap mergers were first announced in November.

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