Guotai Junan Securities Co., Ltd. is the listed acquirer in a merger with Haitong Securities Co., Ltd., with the combined company continuing to trade under Guotai Junan's Hong Kong and Shanghai listings.
The transaction was structured as a merger and share exchange between Guotai Junan and Haitong Securities, rather than a cash acquisition, and the surviving listed company retained Guotai Junan's ticker symbols.
The merger had completed by March 17, 2025, when the newly merged company began trading, marking the post-closing launch of the combined group in both Hong Kong and Shanghai.