Zhitong Finance App News, Oriental Securities (600958.SH) announced that the company plans to purchase 50.0000% of Shanghai Securities held by Bailian Group, 16.3333% of Shanghai Securities held by International Investors, 7.6767% of Shanghai Securities held by the International Group, and 1.0000% of Shanghai Securities held by Shanghai City Investment through the issuance of A-shares; it plans to purchase 18.7400% of Shanghai Securities held by Cathay Pacific Haitong through the issuance of A-shares. 6.2500% equity, with a total transaction price of 25.12 billion yuan.

Orient Securities's main business will remain unchanged after the transaction is completed. The company will integrate the resources of both parties to form complementary advantages, expand the company's asset scale and capital strength, further enhance its comprehensive financial service capabilities and competitiveness in the fields of wealth management, investment banking, institutional services, etc., consolidate its competitive advantage and industry position, and enhance the real economic efficiency of financial services and its ability to serve economic and social development.

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