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Cathay Pacific Haitong announced that the company previously disclosed its intention to sell 24.99% of Shanghai Securities shares. This announcement is a progressive update. On July 27, 2026, the company, as one of the sellers, signed a formal agreement with the buyer Orient Securities and other parties. The total cost was determined to be RMB 25.12 billion, of which the company was allotted 457 million shares for A-shares and a cash cost of RMB 1.57 billion.
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Cathay Pacific Haitong announced that the company previously disclosed its intention to sell 24.99% of Shanghai Securities shares. This announcement is a progressive update. On July 27, 2026, the company, as one of the sellers, signed a formal agreement with the buyer Orient Securities and other parties. The total cost was determined to be RMB 25.12 billion, of which the company was allotted 457 million shares for A-shares and a cash cost of RMB 1.57 billion.
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