Zhitong Finance App News, Guolian Securities (601456.SH) announced that the company plans to purchase 100.00% of the total shares of Minsheng Securities Co., Ltd. (“Minsheng Securities”) from 46 counterparties, including the controlling shareholder of the company, Wuxi Guolian Development (Group) (“Guolian Group”) by issuing A-shares, and raise no more than RMB 2 billion (including capital). The issue price for issuing shares to purchase assets is 11.31 yuan/share. The transaction is expected to constitute a major asset restructuring.

According to reports, this transaction is a merger and restructuring of securities companies. The company and Minsheng Securities have strong complementary business advantages and complementary regional advantages. In terms of business advantages, Minsheng Securities's investment banking business strength is outstanding, and it also has strong advantages in the fields of institutional research and sales business, equity investment business, etc.; while the company has distinct characteristics and advantages in wealth management, fund investment, asset securitization, and derivatives business. In terms of regional advantages, Minsheng Securities branch outlets focus on covering the Henan region and have strong market influence in the Henan region, while the company has strong market influence and high market share in the Wuxi and southern Jiangsu regions.