Guotai Junan International's stock surged over 35%, with Guotai Junan and Haitong recommending a privatization at a premium of 44%.

As of the time of publication, Guotai Junan International is up 35.10%. In terms of news, the company and its controlling shareholder, Guotai Haitong, jointly announced that Guotai Haitong, as the offeror, is proposing to privatize Guotai Junan International and withdraw its listing status, with a cancellation price of HK$3 per share, representing a premium of approximately 44.23% over Guotai Junan Internationals last closing price of HK$2.08 before suspension.