Guosen Securities(SZ:002736) 中国基金报·2025-08-23 01:29Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities to become the major shareholder of Wanhua Securities, acquiring 96.0792% of its shares through a share exchange [1][3]. Group 1: Acquisition Details - Guosen Securities will acquire 2,183,877,825 shares of Wanhua Securities, representing 96.0792% of the total shares [3]. - The approval allows Shenzhen Investment Holdings to become the actual controller of Wanhua Securities [3]. - Guosen Securities is required to develop a specific integration plan within one year, following the initial integration proposal submitted to the CSRC [6]. Group 2: Financial Overview - As of the end of December 2024, Guosen Securities reported total assets of 501.506 billion and net assets of 118.692 billion [6]. - The company achieved an operating income of 20.167 billion and a net profit attributable to the parent company of 8.217 billion in 2024 [6]. Group 3: Industry Context - The acquisition of Wanhua Securities by Guosen Securities is part of a broader trend of mergers and acquisitions in the securities industry, including notable combinations like Guotai Junan and Haitong [8]. - This merger reflects a shift towards optimizing resources within local state-owned enterprises, aiming to reduce market risks faced by smaller brokerages and enhance collaboration across various business lines [9].