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A CICC and China Galaxy Securities Merger Plausible Long Term -- Market Talk
China International Capital and China Galaxy both denied merger rumors, and their stock prices fell collectively.
Jinwu Financial News | China International Capital Corporation and China Galaxy both deny merger rumors, resulting in a collective drop in their stock prices. China Galaxy (06881) dropped by 7.31%, while China International Capital Corporation (03908) fell by 6.54%. China International Capital Corporation issued a statement indicating that the company is aware of market rumors suggesting a merger with China Galaxy Securities Co., Ltd. The company has not received any written or verbal information regarding the aforementioned rumors from government departments, regulatory institutions, or its shareholders. After confirmation with the company's controlling shareholder, Central Huijin Investment, it was determined that the controlling shareholder is not planning the matters referred to in the rumors or any other information that should be disclosed regarding the company.
【Special Commentator】Deng Shengxing: Benefiting from the AI boom, Hong Kong stocks continue to rise.
Jinwu Financial News | The Hang Seng Index closed at 23,787 on Wednesday (26th), rising by 753 points or 3.3%. The total market turnover for the day reached 370.1 billion yuan. The National Index rose by 3.5%, closing at 8,792; the Technology Index surged by 4.5%, closing at 5,953. It was reported that mainland Brokerage Zhongjin (03908) will merge with China Galaxy Securities (06881), surging by 19.1% and 17.1% respectively throughout the day; economic data from the USA was disappointing, raising concerns about the unclear outlook for Crude Oil Product demand, which led to international oil prices falling over 2% on Tuesday, hitting a multi-week low, while Petroleum stocks also fell against the trend. The Dow Jones index closed at 43,433 points on Wednesday (26th).
Why did Zhongjin and Silver once again become the "main characters of rumors" after the overnight announcement denying the merger?
"The truth and falsehood of 'stock swap mergers.'"
Express News | China Galaxy Securities - Confirmed That Neither Controlling Shareholder nor Actual Controller Is Planning Merger
Express News | China Galaxy Securities - Noticed That There Is Some Market Rumor That Company Will Conduct Merge With China International Capital Corporation
