Zheshang Securities(SH:601878) Nan Fang Du Shi Bao·2025-05-18 02:45Core Viewpoint - The restructuring of Guodu Securities has been officially announced, with a change in controlling shareholder to Zheshang Securities and a new actual controller, Zhejiang Provincial Transportation Investment Group [1][4]. Group 1: Shareholder and Management Changes - On May 15, 2025, Guodu Securities held its first extraordinary shareholders' meeting, resulting in a change of controlling shareholder from none to Zheshang Securities [1]. - The actual controller changed from none to Zhejiang Provincial Transportation Investment Group [1]. - The transfer of over 1.997 billion shares from Zheshang Securities to Guodu Securities was completed on December 26, 2024, with a lock-up period from December 26, 2024, to December 25, 2029 [4]. - The chairman of Guodu Securities was replaced, with Qian Wenhai elected as the new chairman [4]. Group 2: Management Experience and Background - Qian Wenhai, born in March 1975, has over 20 years of financial management experience and has been with Zhejiang Transportation Investment Group since 2004 [4]. - Zhang Hui, the new general manager, has 34 years of experience in the securities industry and played a key role in the acquisition negotiations [5]. - Other board members, including Sheng Jianlong, Wu Siming, Hu Nansheng, and Deng Hongguang, are senior executives from Zheshang Securities with extensive industry experience [5]. Group 3: Strategic Implications of the Merger - The merger initiated in December 2023 is the first market-driven acquisition in the securities industry following the Central Financial Work Conference and the first case of a listed company acquiring a New Third Board company [6]. - The integration aims to enhance capital and resource capabilities, improve service to the real economy, and create a new comprehensive financial ecosystem [6]. - The strategic focus for 2025 includes advancing the merger and enhancing market competitiveness [6].