25freespins| Guolian Securities: 11.31 yuan/share acquired 100% shares of Minsheng Securities and raised 2 billion yuan

Newsletter summary

Guolian Securities announced that 1125freespins.31 yuan per share to acquire 100% shares of Minsheng Securities25freespinsAnd issue A shares to raise no more than 2 billion yuan for the development of Minsheng securities business. The company's shares will resume trading on May 15.

Text of news flash

[Guolian Securities plans to purchase all shares of Minsheng Securities and resume trading] on May 14, Guolian Securities announced that it plans to acquire 100% of Minsheng Securities at a price of 11.31 yuan per share through the issuance of additional A-shares. At the same time, the company also plans to raise no more than 2 billion yuan of matching funds to promote the business development of Minsheng Securities. The move marks the further layout of Guolian Securities in the capital market. The announcement details the specific arrangements for the transaction. Guolian Securities will issue A shares to 46 trading counterparties, including Guolian Group and Guoquanyu, to buy a total of 100% of Minsheng Securities. In addition, the company also plans to issue no more than 250 million A shares to no more than 35 specific investors in order to raise matching funds of no more than 2 billion yuan. The funds raised will be mainly used for the expansion of Minsheng securities business. It is worth noting that the price of the additional A shares issued by Guolian Securities is set at 11.31 yuan per share, which is based on the average price of A shares traded for 120 trading days before the pricing benchmark. The company also said that if dividend, stock and other rights and interest removal matters occur between the pricing base date and the issue date, or if the board of directors or shareholders' meeting is convened in accordance with relevant laws and regulations to adjust the issue price, the number of additional shares will also be adjusted accordingly. On the same day, Beijing Lear (002392) and time Publishing (600551) also issued announcements respectively, revealing the "Framework Agreement on issuing shares to purchase assets" signed between their wholly-owned subsidiaries and Guolian Securities. According to the agreement, Luoyang Lear and time Publishing will sell 147 million and 73.4754 million shares of Minsheng Securities respectively, and subscribe for the newly issued A shares of Guolian Securities with the sold shares. In addition, Sophia (002572) also announced that its wholly-owned subsidiary, Guangzhou Sophia Investment Co., Ltd., plans to sell about 294 million Minsheng Securities shares and subscribe for additional A shares issued by Guolian Securities with the sold shares. The completion of this round of transactions will help Guolian Securities to further expand its business scale and influence in the capital market, and will also inject new vitality into the business development of Minsheng Securities. Investors should keep an eye on the progress of the deal and its follow-up impact.