Orient Securities announced that the company plans to purchase 100% of the shares in Shanghai Securities by issuing A-shares and paying cash. Recently, the Shanghai State-owned Assets Administration Commission agreed to this transaction plan in principle. The transaction still needs to be reviewed and approved by the company's shareholders' meeting, and can only be implemented after approval, approval and registration by the relevant competent authorities. It is uncertain whether it will be approved and when it will be finally approved.

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.