Guolian Securities (01456) rose by over 7% at one point. As of the time of publication, it has risen by 4.51%, to HKD 3.01, with a turnover of HKD 15.6118 million.
According to the Wisdom Financial app, Guolian Securities (01456) rose by over 7% at one point. As of the time of publication, it has risen by 4.51%, to HKD 3.01, with a turnover of HKD 15.6118 million.
In terms of news, the recent research reports from China Aviation Securities pointed out that currently the regulator encourages consolidation within the industry. With the trend of policy promoting high-quality development of the securities industry, M&A is an effective means for brokerage firms to achieve external development. Brokerage M&A has a positive role in enhancing the overall competitiveness of the industry, optimizing resource allocation, and promoting the healthy development of the market. At the same time, industry consolidation has helped to increase industry concentration and form scale effects. It is expected that M&A matters within the industry will continue to accelerate. It is recommended to pay attention to the target brokerage firms for restructuring, such as Guolian Securities.
In May of this year, Guolian Securities announced that the company intends to purchase 100% of Minsheng Securities held by Guolian Group, Fengquanyu and other 46 trading counterparts for a price of CNY 11.31/share. In addition, it plans to issue shares to no more than 35 specific investors, raising up to CNY 2 billion in funds. The number of A-shares issued shall not exceed 0.25 billion shares and is intended for the development of Minsheng's securities business. According to 2023 financial data, after the two brokerages merge, Guolian Securities has a total assets of CNY 147.071 billion and a net assets of CNY 33.952 billion. The strong asset-based business strength of Guolian Securities is expected to be further enhanced.