Dongxing Sec Co LtdDongxing Securities' voluntary delisting application was accepted by the Shanghai Stock Exchange as part of CICC's absorption merger of Dongxing.
Dongxing Securities announced on September 23 that it has submitted an application to the Shanghai Stock Exchange for the voluntary delisting of its A-shares, and received an acceptance notice from the exchange on the same day. According to the previously disclosed share swap and merger plan, CICC intends to absorb and merge Dongxing Securities and Cinda Securities through the issuance of A-shares. The transaction has been approved by the company's shareholders' meeting and received regulatory approval from the China Securities Regulatory Commission.
Dongxing Sec Co LtdDongxing Securities' voluntary delisting application was accepted by the Shanghai Stock Exchange as part of CICC's absorption merger of Dongxing.
China International Capital Corp LtdCICC intends to absorb and merge Dongxing Securities and Cinda Securities via issuance of A-shares, a transaction already approved by shareholders and regulators.
Cinda Securities Co. Ltd. ACinda Securities is to be absorbed and merged by CICC under the approved share swap and merger plan, but the article gives no detail on terms for Cinda specifically.