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券业又一并购拿下批文!
Zheng Quan Shi Bao· 2025-08-22 15:51
Group 1 - The core point of the news is that Guosen Securities has received approval from the CSRC to acquire Wanhe Securities, marking the official registration and effectiveness of the merger and acquisition project [2][5]. - Guosen Securities will work with Wanhe Securities to develop a specific integration plan within one year, following the preliminary integration scheme submitted to the CSRC [5][6]. - The acquisition involves Guosen Securities obtaining 2.184 billion shares of Wanhe Securities, representing 96.0792% of the total shares, through a share exchange [5][6]. Group 2 - The approval process for the acquisition took over a year, with the initial announcement made on August 2, 2024, and the final approval from the CSRC received on August 22, 2025 [6]. - The share price for the acquisition was adjusted from 8.6 yuan per share to 8.25 yuan per share, and the number of shares issued increased from 604 million to 629 million, accounting for 6.14% of the total post-issue share capital [6]. - Wanhe Securities reported a revenue of 5 million yuan and a net profit of 523,909 yuan for 2024, with a significant decline in revenue and profit in the first five months of 2025 [9]. Group 3 - The merger is characterized as a restructuring of assets under the same actual controller rather than a typical strong alliance, reflecting a reassessment of resource allocation by local state-owned assets [8]. - Guosen Securities aims to position Wanhe Securities as a leading regional broker in specific business areas, particularly in cross-border asset management within the Hainan Free Trade Port [9]. - The integration of branch offices is a key focus, with both companies undergoing a reduction in their branch networks, indicating a trend towards optimizing operational efficiency [11].
证券业并购新进展!国信证券成万和证券主要股东获核准
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities' application to issue shares for the acquisition of assets, allowing it to become the major shareholder of Wanhua Securities, with Shenzhen Investment Holdings Co., Ltd. recognized as the actual controller of Wanhua Securities [2][6]. Group 1: Acquisition Details - Guosen Securities will issue a total of 348 million shares to Shenzhen Capital Operation Group Co., Ltd. and other entities to acquire related assets [6]. - The acquisition will result in Guosen Securities obtaining 2.184 billion shares of Wanhua Securities, representing 96.0792% of the total shares [6]. - The transaction is valued at 5.192 billion yuan [7]. Group 2: Strategic Implications - The acquisition is seen as a typical case of a leading brokerage acquiring a regionally focused brokerage, with market attention on the integration of resources post-acquisition [5]. - Guosen Securities plans to leverage Wanhua Securities' location in the Hainan Free Trade Port to enhance its cross-border financial services and overall profitability [5]. - The CSRC has mandated that Wanhua Securities must ensure risk isolation from Guosen Securities and strictly regulate related transactions to prevent conflicts of interest [6]. Group 3: Timeline of Events - On August 21, 2024, Guosen Securities announced a suspension regarding the planned acquisition of Wanhua Securities [7]. - The board approved the acquisition plan on December 6, 2024, and received preliminary approval from the Shenzhen State-owned Assets Supervision and Administration Commission on December 20, 2024 [7]. - The Shenzhen Stock Exchange accepted the application on April 10, 2025, and approved the transaction on June 19, 2025 [7].
中国证监会核准国信证券成为万和证券主要股东
Bei Jing Shang Bao· 2025-08-22 13:37
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities' issuance of shares to acquire assets and has also approved the change of major shareholders and actual controllers of Wanhua Securities [1] Group 1: Share Issuance Details - Guosen Securities will issue a total of 3.48 billion shares to Shenzhen Capital Operation Group Co., Ltd., 1.57 billion shares to Shenzhen Kunpeng Equity Investment Co., Ltd., 496.36 million shares to Shenye Group Co., Ltd., 225.23 million shares to Shenzhen Innovation Investment Group Co., Ltd., 216.42 million shares to Shenzhen Yuanzhifu Hai No. 10 Investment Enterprise (Limited Partnership), 210.99 million shares to Chengdu Jiaozi Financial Holding Group Co., Ltd., and 94.83 million shares to Haikou Financial Holding Group Co., Ltd. for the acquisition of related assets [1] Group 2: Approval of Shareholder Changes - The CSRC has approved Guosen Securities to become the major shareholder of Wanhua Securities and has also approved Shenzhen Investment Holding Co., Ltd. as the actual controller of Wanhua Securities [1] - Guosen Securities will acquire 2.184 billion shares of Wanhua Securities, representing 96.0792% of the total shares of the company, through a share swap [1]
证券业并购再提速,证监会核准国信证券成为万和证券主要股东
Sou Hu Cai Jing· 2025-08-22 13:25
Group 1 - Guosen Securities has received approval from the CSRC to acquire Wanhe Securities, becoming its major shareholder and allowing Shenzhen Investment Holdings to become the actual controller of Wanhe Securities [1][2] - The acquisition involves issuing shares to seven entities, with a total transaction value of 5.192 billion yuan for 96.0792% of Wanhe Securities [1][2] - The CSRC has no objections to Guosen Securities obtaining 2.184 billion shares of Wanhe Securities, which represents 96.0792% of the total shares [2] Group 2 - Guosen Securities aims to leverage the acquisition to enhance synergy and resource integration, utilizing Wanhe Securities' advantages in the Hainan Free Trade Port for cross-border financial services [2] - The company is required to develop and submit a specific integration plan within one year, ensuring proper risk isolation and management of related transactions [2]
国信证券:获准发行股份购买资产及成为万和证券主要股东
Xin Lang Cai Jing· 2025-08-22 13:09
此外,国信证券获准向深圳市资本运营集团有限公司发行347,731,432股股份、向深圳市鲲鹏股权投资有 限公司发行157,198,746股股份、向深业集团有限公司发行49,635,777股股份、向深圳市创新投资集团有 限公司发行22,522,843股股份、向深圳远致富海十号投资企业(有限合伙)发行21,642,013股股份、向成 都交子金融控股集团有限公司发行21,099,811股股份、向海口市金融控股集团有限公司发行9,483,061股 股份,总计628,314,683股,用于购买相关资产。 本次发行股份购买资产注册批复自下发之日起12 个月内有效。国信证券应当会同万和证券按照报送证 监会的初步整合方案确定的方向,在一年内制定并上报具体整合方案,明确时间表,妥善有序推进整合 工作。 8月22日,国信证券发布公告,证监会核准国信证券成为万和证券主要股东,并通过换股方式取得万和 证券2,183,877,825股股份,占其总股本的96.0792%。深圳市投资控股有限公司获准成为万和证券实际控 制人。 ...
调研速递|药易购接受国信证券等1家机构调研 透露多项战略规划要点
Xin Lang Cai Jing· 2025-08-22 12:58
Core Insights - Sichuan Hezhong Pharmaceutical Easy Purchase Co., Ltd. (referred to as "Easy Purchase") is committed to developing the outpatient market and the pharmaceutical industry internet, focusing on a full-channel supply chain and driven by digital innovation technology [3] Group 1: Strategic Planning - Easy Purchase aims to create a one-stop service system by leveraging talent and capital across industrial, commercial, terminal, and consumer sectors [3] - The company has established a core positioning of "Pharmaceutical + Technology," "Platform + Ecology," and "Self-operated + Empowerment," building an SBbC ecosystem driven by full-channel supply chain and digital technology [3] Group 2: Channel Layout - Easy Purchase is focused on breaking down barriers between upstream manufacturers and pharmaceutical terminals, positioning itself as a leading enterprise in the technology health sector [3] Group 3: Future Investment Directions - Easy Purchase plans to establish the Jian Su Easy Purchase Fund in collaboration with professional investment institutions and state-owned platform companies, participating in the investment of the Chuan-Yu Gao Zhu New District Guang Yi Xing (Chongqing) Private Equity Investment Fund Partnership [3] - The company aims to leverage professional institutional resources to discover quality enterprises and projects, enhancing its product voice and pricing power while developing innovative pharmaceutical sales channels [3] Group 4: TOC Business Development - In the first half of 2025, Easy Purchase established Sichuan Easy Purchase Technology Group Co., Ltd. to increase investments in internet pharmaceutical retail projects and offline channel incubation [3] - The online TOC business, controlled by Chongqing Yao Da Mai, achieved revenue of 150 million yuan in the first half of 2025, reaching 77.73% of the total revenue for 2024 [3] - The company’s investment in Yuxin Traditional Chinese Medicine achieved revenue of 55 million yuan in the first half of 2025 and was recognized as one of the "Top Ten National Health Brands" by Pinduoduo [3] - The offline TOC business is expanding through a franchise model, forming a cluster of chain pharmacies in Southwest and South China [3]
“国信+万和”正式获批!证监会核准国信证券成为万和证券主要股东
登录新浪财经APP 搜索【信披】查看更多考评等级 转自:新华财经 新华财经北京8月22日电 国信证券收购万和证券迎来阶段性进展。国信证券今天公告,证监会核准公司 成为万和证券主要股东,核准深圳市投资控股有限公司成为万和证券实际控制人,对公司通过换股方式 依法取得万和证券96.0792%无异议。 根据批复,证监会同意国信证券向深圳市资本运营集团有限公司发行3.48亿股股份、向深圳市鲲鹏股权 投资有限公司发行1.57亿股股份、向深业集团有限公司发行4963.58万股股份、向深圳市创新投资集团有 限公司发行2252.28万股股份、向深圳远致富海十号投资企业(有限合伙)发行2164.20万股股份、向成 都交子金融控股集团有限公司发行2109.98万股股份、向海口市金融控股集团有限公司发行948.31万股股 份购买相关资产的注册申请。 回顾国信证券和万和证券的合并进展可追溯至2024年。2024年8月21日,国信证券发布公告称,拟以发 行A股股份的方式购买深圳市资本运营集团购买持有的万和证券53.0892%的股份。 2024年12月6日,国信证券披露收购预案。国信证券拟通过发行A股股份的方式购买深圳市资本运营集 团、深 ...
又一券业并购获证监会核准!
值得关注的是,证监会在批复中明确了多项整合要求,以确保过程规范有序。具体来看,国信证券本次 发行股份购买资产应当严格按照报送深圳证券交易所的有关申请文件进行,按照有关规定办理本次发行 股份的相关手续并及时履行信息披露义务。万和证券应当切实做好与国信证券的风险隔离,严格规范关 联交易,严防利益冲突和输送风险。国信证券应当会同万和证券按照报送证监会的初步整合方案确定的 方向,在一年内制定并上报具体整合方案,明确时间表,妥善有序推进整合工作。 从行业视角看,此次并购是证券业重组浪潮中的又一重要案例。继国联证券收购民生证券、国泰君安与 海通证券合并等案例后,国信证券与万和证券的整合进一步凸显了行业集中度提升的趋势。 作为深圳市国资委旗下的两家券商,国信证券与万和证券的整合具有深厚战略意义。其中,国信证券长 期扎根、成长于深圳,整合万和证券有利于形成双方业务发展的合力。万和证券依托深圳国资国企资源 优势,持续为深圳市属国有企业提供类型多样的金融服务,积累了一批高质量、高评级的客户群体。 在证券行业集中度加速提升的背景下,国信证券(002736)股份有限公司(以下简称"国信证券")收购 万和证券股份有限公司(以下简称"万 ...
国信证券股价上涨3.03% 收购万和证券获监管批文
Sou Hu Cai Jing· 2025-08-22 12:39
国信证券最新股价为14.95元,较前一交易日上涨0.44元。开盘价为14.48元,最高触及15.08元,最低下 探14.46元,成交量为63.35万手,成交金额达9.35亿元。 国信证券是一家综合性证券公司,业务范围涵盖证券经纪、投资银行、资产管理等多个领域。公司总部 位于深圳,是深圳国资体系内规模最大的券商。 数据显示,国信证券当日主力资金净流入5371.87万元,近五日主力资金累计净流入3772.32万元。 风险提示:投资有风险,入市需谨慎。 来源:金融界 公司公告显示,证监会已核准国信证券成为万和证券主要股东,并核准深圳市投资控股有限公司成为万 和证券实际控制人。根据方案,国信证券将通过换股方式取得万和证券96.0792%股权。公司计划在5年 过渡期内完成业务整合,将跨境业务作为万和证券未来发展的战略方向。 ...
证监会,批了!券业又一并购拿下批文
券商中国· 2025-08-22 12:20
Core Viewpoint - The acquisition of Wanhe Securities by Guosen Securities has received approval from the China Securities Regulatory Commission (CSRC), marking a significant step in the consolidation of the securities industry under local state-owned assets [1][2]. Group 1: Acquisition Details - On August 22, the CSRC approved Guosen Securities to become the major shareholder of Wanhe Securities, with Shenzhen Investment Holding Co., Ltd. as the actual controller [2]. - Guosen Securities will acquire 2.184 billion shares of Wanhe Securities, representing 96.0792% of the total shares, through a share swap [2]. - The approval allows Guosen Securities to issue shares to several entities, including Shenzhen Capital Operation Group Co., Ltd. and others, to purchase related assets [2]. Group 2: Timeline and Progress - The acquisition process has been slower than expected, taking over a year since Guosen Securities first announced the acquisition plan on August 2, 2024 [3]. - The project underwent various stages, including a public announcement in September 2024, approval from the Shenzhen State-owned Assets Supervision and Administration Commission in December, and a successful review by the stock exchange in June 2025 [3]. - The time from application acceptance to receiving the approval took four months [3]. Group 3: Financial Performance - Guosen Securities reported a revenue of 20.167 billion yuan and a net profit of 8.217 billion yuan for 2024, while Wanhe Securities had a revenue of 500 million yuan and a net profit of 52.39 million yuan [4]. - For the first five months of 2025, Wanhe Securities generated a revenue of 161 million yuan with a net profit of only 139,200 yuan, indicating a struggle to maintain profitability [5]. Group 4: Strategic Focus and Integration - The acquisition reflects a strategic move by local state-owned assets to reassess resource allocation and integrate brokerage assets rather than a typical strong merger [4]. - Guosen Securities aims to position Wanhe Securities as a leading regional brokerage in specific business areas, particularly in cross-border asset management within the Hainan Free Trade Port [5]. - The integration plan includes the consolidation of branch offices, with Guosen Securities planning to streamline operations by closing underperforming branches [6][7].