HKG:3958

5 stories mentioning HKG:3958Updated 36d ago

Every FINWIRES story that references HKG:3958, newest first.

DFZQ to Acquire Chinese Brokerage

DFZQ (HKG:3958, SHA:600958) agreed to acquire a Chinese brokerage in exchange for shares of the company, the group said in a Hong Kong bourse filing Wednesday.The securities company's Hong Kong shares fell nearly 4% in morning trade Thursday.The framework agreement involves the purchase of Shanghai Securities from five vendors.Of the five sellers, four will receive A shares in the company, while the fifth will receive A shares plus cash, DFZQ said.The A shares will be issued on the basis of 10.49 yuan each, which will be further adjusted to 10.29 yuan per A share after the firm pays a planned cash dividend of 2 yuan per 10 shares.

HKG:3958SHA:600958

Asia46d ago

Orient Securities' Q1 Profit Climbs 11%, Operating Income Rises 5%

Orient Securities' (HKG:3958, SHA:600958) net profit attributable to shareholders in the first quarter climbed 11% to 1.59 billion yuan from 1.44 billion yuan a year earlier, according to a Hong Kong bourse disclosure on Wednesday.Basic earnings per share jumped 19% year on year to 0.19 yuan from 0.16 yuan.The securities company's operating income rose 5.3% to 4.09 billion yuan from 3.88 billion yuan in the previous year.

HKG:3958SHA:600958

Asia48d ago

DFZQ's Profit Climbs 11% in Q1

Orient Securities (HKG:3958) or DFZQ recorded an 11% rise in attributable profit in the first quarter of 2026 to 1.59 billion yuan from 1.44 billion yuan after adjustment a year prior, according to a Wednesday Hong Kong bourse filing.The securities company's basic EPS rose to 0.19 yuan from 0.16 yuan in the corresponding period of the previous fiscal year.Operating income jumped 5.3% to 4.09 billion yuan from 3.88 billion yuan in the year-ago period.

HKG:3958

Asia55d ago

Orient Securities Has Enough Capital to Support Proposed Shanghai Securities Acquisition, S&P Says

Orient Securities (HKG:3958) has enough capital buffer to anchor its proposed acquisition of Shanghai Securities, S&P Global Ratings said in a recent release.The company will issue A-share stocks to acquire 93.75% of its peer, with the remaining shares to be purchased by cash.The company will maintain a risk-adjusted capital ratio of above 10% in the next one to two years, retaining strength even with a faster expansion in risky assets, S&P said.The rating agency expects the company to further carry out ample risk management following the completion of the merger, which should face no significant transition risks.The proposed purchase is a strategic move to boost the company's market position in China's fragmented securities sector, in line with regulatory efforts aiming at improving the brokerage sector's expertise, efficiency, and global competitiveness, S&P said.

HKG:3958SHA:600958

Asia57d ago

Orient Securities Plans to Fully Acquire Shanghai Securities

Orient Securities (HKG:3958, SHA:600958) plans to fully acquire Shanghai Securities through share placement and cash, according to a Hong Kong filing on Sunday.The securities broker entered into an agreement of intent with Shanghai Securities' five shareholders, including Shanghai International Group and Guotai Haitong Securities (SHA:601211, HKG:2611).The merger is expected to create a firm with combined assets worth about $86 billion, according to their latest financial statements, Bloomberg News reported Sunday.The trading of Orient Securities' shares was suspended starting Monday and is expected to last for up to 10 trading days.

HKG:2611HKG:3958SHA:600958SHA:601211

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