Guosen Securities(SZ:002736) Sou Hu Cai Jing·2025-08-23 13:42Group 1 - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities Co., Ltd. to issue shares for the acquisition of Wanhe Securities Co., Ltd., marking a significant step in the consolidation of the securities industry [1] - Guosen Securities will issue approximately 348 million shares to Shenzhen Capital Operation Group Co., Ltd., 157 million shares to Shenzhen Kunpeng Equity Investment Co., Ltd., and other entities, totaling around 2.18 billion shares for the acquisition [1] - The CSRC has approved Guosen Securities to become the major shareholder of Wanhe Securities, acquiring approximately 2.18 billion shares, which represents 96.0792% of the total shares of Wanhe Securities [1] Group 2 - The CSRC has outlined several integration requirements to ensure a standardized process, including strict adherence to the application documents submitted to the Shenzhen Stock Exchange and timely fulfillment of information disclosure obligations [2] - Wanhe Securities is required to ensure risk isolation from Guosen Securities and to strictly regulate related transactions to prevent conflicts of interest and risk transmission [2] - Guosen Securities and Wanhe Securities must develop and submit a specific integration plan within one year, detailing the timeline and orderly advancement of the integration work [2]