Core Points - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities to issue shares for the acquisition of Wanhe Securities, allowing Guosen to become the major shareholder of Wanhe Securities with a 96.08% stake [1][2] - The approval includes the issuance of approximately 348 million shares to Shenzhen Capital Operation Group and other investors as part of the asset purchase [1] - Guosen Securities is required to develop a specific integration plan with Wanhe Securities within one year to ensure risk isolation and prevent conflicts of interest [2] Company Summary - As of the end of December 2024, Guosen Securities reported total assets of 501.506 billion yuan and net assets of 118.692 billion yuan, with a revenue of 20.167 billion yuan and a net profit of 8.217 billion yuan for the year [3] - The brokerage industry has seen multiple mergers and acquisitions recently, indicating a trend towards consolidation among firms [3]
国信证券收购万和证券获批