Gelonghui, May 14 | Guolian Securities (601456.SH) announced that the company plans to purchase 100.00% of their total shares in Minsheng Securities from 46 counterparties, including the League of Nations Group and Fengquanyu, and raise supporting capital by issuing A-shares. As of the date of signing the summary of this plan, the audit and evaluation work of the target company has not been completed, and the target asset evaluation results and transaction price have not yet been determined.
The total amount of supporting capital raised this time did not exceed RMB 2 billion (including capital), and the number of A-shares issued did not exceed 250 million shares (including capital). Ultimately, the upper limit was the amount of capital raised and the number of shares issued after review and approval by the Shanghai Stock Exchange and a registration decision made by the China Securities Regulatory Commission. After deducting intermediary fees and transaction taxes, the supporting funds raised in this transaction are intended to be used to develop the Minsheng Securities business.
Minsheng Securities is a comprehensive securities company. Its business scope covers investment banking, securities brokerage, securities self-management, asset management and research consulting. Prior to this transaction, the company was a comprehensive securities company; this transaction was a merger and restructuring of securities companies. After the transaction was completed, the main business of the listed company did not change. The target company, Minsheng Securities, is a national comprehensive securities company approved by the China Securities Regulatory Commission. It has brokerage branches distributed in nearly 30 provinces (including municipalities directly under the Central Government and autonomous regions) and investment banking business with significant competitive advantages. After the completion of this transaction, the listed company's investment banking business, securities brokerage business, etc. will be significantly improved across the board. We are committed to achieving the “1+1>2” effect through business integration between the two parties to achieve leapfrog development of listed companies.
The controlling shareholder and actual controller of the listed company will not change after this transaction. After the transaction is completed, the total assets, net assets, operating income and net profit of the listed company will be further increased, profitability and risk resistance will be improved, and the overall competitive strength and sustainable operation capability of the listed company will be further enhanced.