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Securities Times reporter Liu Yiwen

Only two and a half months after the release of the major asset restructuring plan, Guolian Securities issued an announcement on the evening of August 8, stating that Guolian Securities intends to purchase 99.26% of Minsheng Securities shares held by 45 counterparties including Guolian Group and Fengquanyu through the issuance of A-shares and raise matching funds.

The above announcement shows that due to the dividend ex-dividend, the issue price was adjusted from 11.31 yuan per share to 11.17 yuan per share, and the number of shares issued was 2.64 billion shares, accounting for 48.25% of the total share capital of Guolian Securities after the issuance (excluding supporting financing), and the total transaction price reached 29.492 billion yuan. This transaction is expected to become the first securities company M&A case approved after the Central Financial Work Conference and a model case of the integration of the Yangtze River Delta.

Compared with the previous plan, the latest draft has two major adjustments: First, in accordance with the provisions of the "Employee Equity Incentive Plan", Minsheng Securities repurchased and recovered free of charge the relevant shares withdrawn due to employee resignation, retirement, etc., and reduced capital. The number of Minsheng Securities shares held by other transaction parties participating in this reorganization remains unchanged, and the corresponding proportions are adjusted accordingly; Second, due to equity pledge and other circumstances, Oceanwide Holdings will no longer participate in this transaction with the Minsheng Securities shares it holds.

"This adjustment to the plan will not have a substantial impact on the production and operation of the target company, including the target assets and business integrity," Guolian Securities said. "After the completion of this transaction, the company will hold 99.26% of Minsheng Securities and will still be able to control the target company."

According to the data of 2023, the number of industrial clusters in Jiangsu ranks first in the country, and Wuxi ranks among the top ten in terms of the number of industrial clusters. After the successful integration of Guolian Securities and Minsheng Securities, they will have more advantages in serving regional enterprises, which will help further improve profitability and risk resistance. Guolian Securities said that in the future, it will enhance the level of financial platforms, optimize the supply of financial services, and improve the level of financial services to more effectively support local cultivation of high-quality innovative enterprises, guide the implementation of major industrial projects, accelerate the construction of Wuxi's "465" modern industrial clusters, and accelerate the optimization of local industrial structure and economic transformation and upgrading.