According to the Zhitong Finance App, Guohai Securities (000750.SZ) issued an announcement. The board of directors of the company agreed to participate in the bid for a total of 1,703 billion shares/share equity of Chase Securities (accounting for 51.59%), with a starting price of 3.2 billion yuan. If the bid is successful, the company will obtain control of Chase Securities, but approval from the China Securities Regulatory Commission is required, so there is still uncertainty about whether this transaction can be finalized.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.