Western Securities(SZ:002673) 梧桐树下V·2025-08-17 13:16Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the change of major shareholders and actual controllers for Guorong Securities, with Western Securities becoming the major shareholder and Shaanxi Investment Group as the actual controller [2][9]. Group 1: Shareholder Changes - Western Securities has been approved to acquire 1,151,433,439 shares of Guorong Securities, representing 64.5961% of the total shares [2][5]. - The acquisition price is set at 3.3217 yuan per share, totaling approximately 38.25 billion yuan [5][6]. Group 2: Company Background - Western Securities was established in January 2001 and is a state-controlled enterprise under Shaanxi Investment Group [4]. - Guorong Securities, headquartered in Hohhot, Inner Mongolia, was founded in April 2002 and restructured in March 2016 [4]. Group 3: Financial Data Comparison - As of 2023, Guorong Securities has total assets of 176.75 billion yuan and net assets of 40.01 billion yuan, with operating income of 9.67 billion yuan [6]. - The transaction price represents 18.37% of Guorong's total assets and 14.32% of its net assets compared to Western Securities' financial metrics [6]. Group 4: Regulatory Process - The CSRC received the application for the change of major shareholders and actual controllers in February 2025 and provided feedback on the application [7][8]. - The approval for the acquisition was granted on August 14, 2025, marking a significant development in the brokerage industry [9].