news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the integration and reorganization of guolian securities and minsheng securities has been accelerated.

on the evening of september 3, guolian securities issued an announcement stating that the company's major asset restructuring plan to issue a-shares to purchase 99.26% of the shares of minsheng securities co., ltd. and raise supporting funds has been approved by the state-owned assets supervision and administration commission of the jiangsu provincial government.

previously, guolian securities issued the "report on issuing shares to purchase assets and raising matching funds and related transactions (draft)" on august 8. the company plans to purchase a total of 99.26% of minsheng securities shares from 45 transaction counterparties including guolian group and fengquanyu through the issuance of a-shares. the total transaction price reached 29.492 billion yuan.

approved by jiangsu state-owned assets supervision and administration commission

guolian securities issued an announcement stating that on september 3, the company received the "approval of the jiangsu provincial state-owned assets supervision and administration commission on the issuance of shares by guolian securities co., ltd. to purchase the assets of minsheng securities co., ltd. and raise matching funds" (su guozi fu [2024] no. 45) issued by the state-owned assets supervision and administration commission of the jiangsu provincial government. the state-owned assets supervision and administration commission of the jiangsu provincial government agreed in principle to the company's asset restructuring and matching financing plan.

guolian securities said that this transaction constitutes a major asset reorganization and a related-party transaction, but does not constitute a reorganization listing. the transaction still needs to be reviewed and approved by the company's general meeting of shareholders, the a-share class shareholders' meeting and the h-share class shareholders' meeting, and approved, ratified or agreed to be registered by the competent regulatory authorities.

previously, on the evening of august 8, guolian securities issued the "report on issuing shares to purchase assets and raising supporting funds and related transactions". the announcement showed that guolian securities intends to purchase 99.26% of minsheng securities held by 45 counterparties including guolian group and fengquanyu through the issuance of a-shares, and raise supporting funds of no more than 2 billion yuan.

the 2 billion yuan of supporting funds raised in this transaction will all be used to increase the capital of minsheng securities, and the capital increase will be used to develop minsheng securities business. specifically, no more than 1 billion yuan will be used for wealth management business, with the aim of improving the professional service capabilities of wealth management, building a service ecosystem, optimizing the layout of outlets, and enhancing the brand image. no more than 1 billion yuan will be used for information technology, with the aim of consolidating the foundation of science and technology, strengthening the construction of digital middle platform, continuously promoting application product innovation, and strengthening science and technology empowerment.

at that time, guolian securities said that after the completion of this transaction, the controlling shareholder and actual controller of guolian securities will not change, and minsheng securities and its holding subsidiaries will become holding subsidiaries of guolian securities. guolian futures, a holding subsidiary of guolian securities' controlling shareholder, and minsheng futures, a holding subsidiary of minsheng securities, are engaged in futures business, and the two futures companies have the same main business. during a certain period after the completion of this transaction, guolian securities' controlling shareholder and guolian securities will have a pattern of operating their futures businesses in parallel.

the announcement stated that the target company, minsheng securities, is a national comprehensive securities company with brokerage branches in nearly 30 provinces (including municipalities and autonomous regions) and investment banking business with significant competitive advantages. after the completion of this transaction, the business layout of the listed company will be more reasonable, and the strength of each business line will be comprehensively improved. it is committed to achieving the effect of "1+1>2" through the integration of the two parties' businesses, thereby achieving leapfrog development of the listed company.

net profit fell sharply in the first half of the year

guolian securities disclosed its semi-annual report on the evening of august 30, achieving operating income of 1.086 billion yuan in the first half of 2024, a year-on-year decrease of 39.91%; net profit of 87.7093 million yuan, a year-on-year decrease of 85.39%.

among them, the brokerage and wealth management business achieved revenue of 378 million yuan, a year-on-year increase of 1.36%; the investment banking business achieved revenue of 173 million yuan, a year-on-year decrease of 42.76%; the asset management and investment business achieved revenue of 321 million yuan, a year-on-year increase of 98.31%; the credit trading business achieved revenue of 127 million yuan, a year-on-year decrease of 17.07%; the securities investment business achieved revenue of 12 million yuan, a year-on-year decrease of 98.41%.

as of june 30, 2024, the group's total assets were rmb 93.33 billion, an increase of 7.12% from december 31, 2023; the equity attributable to the company's shareholders was rmb 18.264 billion, an increase of 2.79% from december 31, 2023.

guolian securities stated in its semiannual report that in terms of equity securities investment business, the company will continue to strengthen macro and market research and judgment, increase fundamental research efforts, strengthen investment research and risk control system construction, and steadily carry out stock investment business. in the second half of the year, the domestic a-share market will face a series of marginal improvement factors. the domestic macro fundamentals will stabilize driven by export investment, and the relatively loose internal and external liquidity pattern will be further improved. policies may further improve market risk appetite in the short term. in the second half of 2024, the company's equity investment business will further optimize the current position structure, close short and open long, focus more on the layout of medium- and long-term opportunities, further select growth stocks, and use multi-strategy investment models such as fixed increase and convertible bonds to achieve a balance between risk and return, and steadily carry out stock investment business.