SHA:601211

10 stories mentioning SHA:601211Updated 2d ago

Every FINWIRES story that references SHA:601211, newest first.

DFZQ to Buy Shanghai Securities for 25 Billion Yuan in Cash-and-Stock Deal

Chinese broker DFZQ (SHA:603958, HKG:3958) has signed a definitive agreement to buy a 100% stake in Shanghai Securities for 25.1 billion yuan in both shares and cash.The consideration will be settled by issuing 2.29 billion new DFZQ A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, according to a bourse filing on Monday.Further, a cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake, a separate disclosure showed.The other vendors are Bailian Group (SHA:600827), Shanghai Chengtou (SHA:600649), and two state-owned entities under Shanghai SASAC, namely SIG & SIG Investment.The acquisition, structured as a major transaction requiring shareholder and regulatory approvals, will significantly boost DFZQ's total assets into the industry's top ten and expand its wealth management client base from 3.29 million to over 5 million accounts.The development comes three months after DFZQ first announced plans to take full control of Shanghai Securities in April.

HKG:02611HKG:3958SHA:600649SHA:600827SHA:600958SHA:601211

Asia3d ago

Guotai Haitong Securities Subsidiary Issues 500 Million Yuan in Medium-Term Debts

Guotai Haitong Securities (SHA:601211, HKG:2611) subsidiary Guotai Junan Holdings issued 500 million yuan in medium-term securities, according to a Saturday disclosure to the Shanghai Stock Exchange.The bonds form part of a $3 billion issuance program started in 2021. Proceeds will go to refinancing.Guotai Haitong Financial provided a guarantee of 508 million yuan for the issuance.Shares slipped 1% in Shanghai during the midday break on Monday.

HKG:2611SHA:601211

Asia14d ago

Guotai Haitong Securities Guarantees $150 Million Loan for Portuguese Unit

Guotai Haitong Securities (SHA:601211, HKG:2611) provided an unconditional and irrevocable guarantee of $150 million for a syndicated loan to its Portuguese wholly-owned subsidiary, Haitong Bank.The guarantee covers principal, interest and other payment obligations, according to a Wednesday filing with the Shanghai bourse.Shares of the company slid 1% in recent trade on the Shanghai bourse.

HKG:2611SHA:601211

Asia17d ago

Huaneng Power International Issues 2 Billion Yuan in Debts

Huaneng Power International (SHA:600011, HKG:0902) issued 2 billion yuan in medium-term debts, according to a Saturday filing with the Shanghai bourse.The debts have a term of at least two years and carry an interest rate of 1.67%.China Merchants Bank (HKG:3968, SHA:600036), Guotai Haitong Securities (HKG:2611, SHA:601211), and Everbright Securities (HKG:6178, SHA:601788) are the underwriters.Shares fell 2% in Hong Kong and 1% in Shanghai during the midday break on Monday.

HKG:0902HKG:2611HKG:3968HKG:6178SHA:600011SHA:600036SHA:601211SHA:601788

Asia27d ago

Guotai Haitong Securities Forecasts Up to 304% Surge in Q2 Profit

Guotai Haitong Securities (HKG:2611, SHA:601211) expects attributable profit of between 13.6 billion yuan and 14.1 billion yuan in the second quarter of 2026, up 290% to 304% from 3.5 billion yuan a year prior.For the first half of 2026, it is expected that attributable profit increased by 27% to 30% to between 20 billion yuan and 20.5 billion yuan from 15.7 billion yuan a year prior.The securities and brokerage company attributed the forecast mainly to a higher revenue from the wealth management, investment banking, institution and transaction, investment management, and other business segments.

HKG:2611SHA:601211

Asia29d ago

Haitong Securities' Subsidiary Closes Merger Deal

Guotai Haitong Securities' (HKG:2611, SHA:601211) subsidiary, Haitong Innovation Securities Investment, signed a closing agreement with Guotai Junan Zhengyu Investment regarding their merger, according to a Shanghai bourse filing on Wednesday.Under the deal, all of Guotai Junan Zhengyu's assets and liabilities were handed over to Haitong Innovation.Haitong Innovation also changed its name to Guotai Haitong Zhengyu Investment and its registered capital remains 11.5 billion yuan.

HKG:2611SHA:601211

Asia41d ago

Huaneng Power International Completes 2 Billion Yuan Bond Issuance

Huaneng Power International (SHA:600011, HKG:0902) completed the issuance of 2 billion yuan in medium-term bonds, according to a Friday filing with the Shanghai bourse.The bonds have a term of at least 2 years with a rate of 1.7%, the filing said.Proceeds will be used to repay special bonds for energy supply security.CITIC Securities (HKG:6030, SHA:600030), CITIC Securities Investment, and Guotai Haitong Securities (HKG:2611, SHA:601211) served as lead underwriters and as the underwriting syndicate.

HKG:0902HKG:2611HKG:6030SHA:600011SHA:600030SHA:601211

Asia43d ago

China's Securities Regulator Approves Hangzhou IECHO Science & Technology's Corporate Bond Registration

China's securities regulator approved Hangzhou IECHO Science & Technology's (SHA:688092) registration of its corporate convertible bonds, according to a Wednesday filing with the Shanghai bourse.The 2.7 million bonds were first issued to existing shareholders.The remaining 232,848 bonds worth 232.8 million yuan received 33,649 lots in subscriptions worth 33.6 million yuan, with 457 lots forfeited worth 457,000 yuan.The sponsor, Guotai Haitong Securities (HKG:2611, SHA:601211) will then submit the bond registration.

HKG:2611SHA:601211SHA:688092

Asia66d ago

Chinese Stocks Rise Over Government Crackdown on Illicit Overseas Securities Activities, Probe on Liushenyu Mine Blast

Chinese shares started the week strong, closing Monday with gains after the government announced a crackdown on illicit cross-border securities activities and a probe into one of China's deadliest mining accidents last week.The Shanghai Composite Index added 1%, or 39.67 points, to close Monday's trade at 4,152.57. The Shenzhen Component Index climbed 1.7%, or 259.31 points, to 15,856.61.The equities of some Chinese brokerages rose amid the China Securities Regulatory Commission's crack down on overseas brokers that are conducting cross-border business operations without the regulator's approval.The Shanghai stocks of CITIC Securities' (SHA:600030, HKG:6030) and Guotai Haitong Securities (SHA:601211, HKG:2611) rose 1.2% and and 0.8%, respectively.Equities, especially coal stocks, were lifted after the government announced a probe into the gas explosion at Shanxi Tongzhou Group's Liushenyu coal mine.In corporate news, Tianshui Huatian Technology (SHE:002185) jumped 10% amid plans to construct an integrated circuit industrial base for 3 billion yuan.Cambricon Technologies (SHA:688256) climbed 9.4% after the board of directors' approval of a 12-billion-yuan comprehensive credit line for the chipmaker.Wingtech (SHA:600745) inched 5% higher after suing its subsidiary, Nexperia, as it sought up to 8 billion yuan in damages while demanding to regain control of the Dutch subsidiary.

Shanghai Composite^SZSEHKG:2611HKG:6030SHA:600030SHA:600745SHA:601211SHA:688256SHE:002185

Asia101d 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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