Guosen Securities(SZ:002736)2024-09-06 01:24Group 1: Acquisition Strategy - The acquisition of Wanhe Securities involves purchasing 96.08% of its shares, aligning with national strategic goals to develop a first-class investment bank [2][4]. - This transaction is part of Guosen Securities' "14th Five-Year" development strategy, focusing on external growth to strengthen its market position in the Guangdong-Hong Kong-Macao Greater Bay Area [3][4]. Group 2: Market Position and Competitive Advantage - Guosen Securities ranks second in the industry with 318 IPO projects, showcasing its competitive edge in the Greater Bay Area [3]. - The acquisition will enhance Guosen's service capabilities for state-owned enterprises and specialized companies, leveraging Wanhe Securities' strong foundation in Shenzhen [3][4]. Group 3: Cross-Border Business Expansion - Wanhe Securities, located in Hainan, will facilitate Guosen's expansion into cross-border asset management, capitalizing on the advantages of the Hainan Free Trade Port [3][5]. - The strategic positioning of Wanhe Securities will help Guosen develop international business and innovative services in cross-border asset management [4][5]. Group 4: Financial Aspects of the Acquisition - The acquisition will be executed through a share issuance, with the share price set at 8.60 yuan, compliant with regulatory requirements [5][6]. - The final valuation of Wanhe Securities is pending completion of auditing and asset evaluation, with the price to be negotiated based on these results [6]. Group 5: Restructuring Progress - Guosen Securities is actively selecting intermediary institutions to expedite the restructuring process, ensuring compliance with regulatory requirements [6].