New progress has been made in the acquisition of Minsheng Securities by Guolian Securities. On the evening of the fourteenthMerrymegawaysGuolian Securities announced that it is planning to acquire 100% of Minsheng Securities by issuing A-shares and raise matching funds. At the same time, Guolian Securities A shares resumed trading on Wednesday, May 15. Guolian Securities said that this transaction is conducive to the implementation of the integrated development strategy of the Yangtze River Delta, help the company to achieve great-leap-forward development, can give full play to the synergy between the company and Minsheng securities, and achieve complementary advantages.
It is reported that Guolian Securities this issue of shares to purchase assets is not based on the premise of raising matching funds, but this raising of supporting funds is based on the purchase of assets of this issue. After friendly negotiation between the trading parties, the issue price of the reorganized shares is the average stock trading price of 120 trading days before the pricing benchmark, that is, 11.Merrymegaways.31 yuan per share. At the same time, Guolian Securities plans to issue no more than 250 million A shares to no more than 35 specific investors and raise no more than 2 billion yuan in matching funds.
As a comprehensive securities company, Guolian Securities has a wide range of business, while Minsheng Securities has strong market competitiveness in investment banking business. Through this acquisition, Guolian Securities will be able to make full use of Minsheng Securities' professional advantages in investment banking, securities brokerage and other fields, achieve business complementarity and coordination, and enhance comprehensive service capabilities.
Financial data show that Minsheng Securities achieved operating income of about 3.8 billion yuan last year, with a net profit of 683 million yuan, showing a strong profitability. After the completion of this transaction, it is expected to effectively enhance the total assets, net assets, operating income and net profit of Guolian Securities, and enhance the company's profitability and anti-risk ability.
The merger of Guolian Securities and Minsheng Securities will promote the integration of business, assets and personnel between the two sides, optimize the allocation of resources, improve operational efficiency and achieve capital-intensive development. At the same time, the merger of the two sides will also help to enhance market competitiveness, better serve the real economy, and respond to the country's call for financial services to the real economy.
The transaction still needs to be approved and filed by the relevant regulatory authorities, and it has been agreed in principle by Guolian Group, the controlling shareholder of Guolian Securities. At the same time, the entry of all shareholders of Minsheng Securities also shows the positive attitude and confidence of both sides to the transaction.
In terms of business advantages, Minsheng Securities' investment banking business strength is outstanding, and it also has strong advantages in institutional research and sales business, equity investment business and other fields. Guolian Securities has distinct features and advantages in wealth management, fund investment, asset securitization and derivatives business. From the perspective of regional advantages, Minsheng securities branch network mainly covers Henan area and has strong market influence in Henan region, while Guolian Securities has strong market influence and high market share in Wuxi and southern Jiangsu. After the business integration of the two securities firms in the future, they will further strengthen their respective business and regional advantages, achieve strategic coordination, and significantly enhance the overall market competitiveness.
The industry believes that this transaction will promote the optimization and integration of business channels, customer resources and products and services of the two securities firms, complement each other, give full play to economies of scale and reduce operating costs while enhancing comprehensive capital strength. Improve operational efficiency and achieve capital-intensive development.
(article source: read Chuang)