Cathay Pacific Haitong announced that the company and its wholly-owned subsidiaries Cathay Pacific Haitong Securities and Hengxin Finance intend to accept part of the cash offer initiated by the actual controller Shanghai International Group and its wholly-owned subsidiary, sign an irrevocable letter of commitment to transfer the domestic shares and H shares of Haitong Hengxin. After the transaction is completed, they will lose their controlling interest in Haitong Hengxin. The offer price for domestic stocks is $1.85 per share. Cathay Pacific Haitong Securities plans to transfer 1,245 billion domestic shares, with a corresponding price of about $2.03 billion; the offer price for H shares is HK$2.16 per share. The final number of H shares transferred by Hengxin Financial depends on acceptance by other shareholders, and the total consideration has not yet been finalized. The deal still needs to be submitted to the company's shareholders' meeting for review. The offer comes with a number of preconditions, and there is uncertainty about whether it can be completed.

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