Orient Securities' Acquisition of Shanghai Securities Receives Approval from Shanghai SASAC

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Summary · why it matters

Orient Securities' acquisition of a 100% stake in Shanghai Securities Co., Ltd. has received approval from the Shanghai State-owned Assets Supervision and Administration Commission, which agreed in principle to the transaction plan. Orient Securities previously announced plans to purchase all equity in Shanghai Securities through the issuance of A-shares and cash payment. This approval provides the necessary regulatory clearance for the transaction to proceed.

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Orient Sec Co Ltd
600958
▲ PositiveCapitalrelevance

Approval from Shanghai SASAC clears regulatory hurdle for acquisition of Shanghai Securities.

Off-coverage companies 1

上海证券i
Private▲ PositiveCapitalrelevance

Acquisition by Orient Securities approved, providing clarity and potential synergies.