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Dongxing Securities Flags Delisting Risk Amid CICC Merger

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Dongxing Securities (SHA:601198) warned of the potential delisting of its A-shares following China International Capital Corp. (SHA:601995, HKG:3908) or CICC's planned absorption merger, which has secured both shareholder and China Securities Regulatory Commission approval.

The merger will dissolve Dongxing Securities and Cinda Securities (SHA:601059) as independent entities, according to a Monday aftermarket filing with the Shanghai Stock Exchange.

The company will apply for voluntary termination of listing with the Shanghai bourse immediately after the cash option rights period closes.

Dongxing's shares fell nearly 2% in recent trade.

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