Guotai Junan (601211.SH): Stock swap merger with Haitong and associated fundraising approved by the Hong Kong Stock Exchange

Guotai Junan (601211.SH) announcement that the company intends to absorb and merge Haitong by issuing A shares to all A-share shareholders of Haitong and issuing H shares to all H-share shareholders of Haitong, and raising supplementary funds by issuing A shares. Due to the approval from the China Securities Regulatory Commission on January 17, 2025 regarding this transaction ("CSRC approval"), and all other conditions of this transaction have been met, the conditional approval from the Hong Kong Stock Exchange for the listing and trading of 2,113,932,668 H shares issued by the company as consideration for the merger has taken effect. The announcement states that all relevant conditions for the effectiveness and implementation of this transaction have been met.