According to the Zhitong Finance App, Guolian Securities (601456.SH) announced that the company is planning to acquire control of Minsheng Securities Co., Ltd. (“Minsheng Securities” for short) and raise supporting capital by issuing A-shares. The transaction is still in the planning stage. Up to now, the valuation of Minsheng Securities and the counterparties to participate in the transaction have not been finalized. This transaction constitutes a related transaction and is expected to constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”. This transaction will not lead to a change in the actual controller of the company, nor will it constitute a restructuring and listing.

According to reports, the listed company plans to acquire 10.870 billion shares of the target company held by counterparties such as Wuxi Guolian Development (Group) Co., Ltd. by issuing shares to purchase assets, accounting for 95.48% of its total share capital.

Following the company's application, trading of the company's A-share shares will be suspended from the opening of the market on April 26, 2024 (Friday). It is expected that trading will not be suspended for more than 10 trading days.