Orient Securities Secures Shanghai SASAC Approval for Shanghai Securities Acquisition

MT Newswires Live

Aug 10

Orient Securities (SHA:603958, HKG:03958) has received approval from the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) to acquire a 100% equity interest in Shanghai Securities, according to a Friday filing to the Hong Kong stock exchange.

In late July, the company agreed to acquire a 100% stake in Shanghai Securities for 25.12 billion yuan in a cash-and-shares deal.

The consideration will be settled by issuing 2.29 billion new Orient Securities A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, including Bailian Group (SHA:600827), Shanghai Chengtou (SHA:600649), and two state-owned entities under Shanghai SASAC: SIG & SIG Investment.

A cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2658601434"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2658601434\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2658601434?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-10 10:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2658601434","market":"sh","top_or_hot":-1,"title":"Orient Securities Secures Shanghai SASAC Approval for Shanghai Securities Acquisition","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/600958\">Orient Securities</a> (SHA:603958, HKG:03958) has received approval from the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) to acquire a 100% equity interest in Shanghai Securities, according to a Friday filing to the Hong Kong stock exchange.</p><p>In late July, the company agreed to acquire a 100% stake in Shanghai Securities for 25.12 billion yuan in a cash-and-shares deal.</p><p>The consideration will be settled by issuing 2.29 billion new Orient Securities A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, including Bailian Group (SHA:600827), <a href=\"https://laohu8.com/S/600649\">Shanghai Chengtou</a> (SHA:600649), and two state-owned entities under Shanghai SASAC: <a href=\"https://laohu8.com/S/SHI.UK\">SIG</a> &amp; SIG Investment.</p><p>A cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Orient Securities Secures Shanghai SASAC Approval for Shanghai Securities Acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOrient Securities Secures Shanghai SASAC Approval for Shanghai Securities Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-10 10:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/600958\">Orient Securities</a> (SHA:603958, HKG:03958) has received approval from the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) to acquire a 100% equity interest in Shanghai Securities, according to a Friday filing to the Hong Kong stock exchange.</p><p>In late July, the company agreed to acquire a 100% stake in Shanghai Securities for 25.12 billion yuan in a cash-and-shares deal.</p><p>The consideration will be settled by issuing 2.29 billion new Orient Securities A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, including Bailian Group (SHA:600827), <a href=\"https://laohu8.com/S/600649\">Shanghai Chengtou</a> (SHA:600649), and two state-owned entities under Shanghai SASAC: <a href=\"https://laohu8.com/S/SHI.UK\">SIG</a> &amp; SIG Investment.</p><p>A cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"600827","symbol_name":"百联股份","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2658601434","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2658601434","pubTimestamp":1786330343,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Orient Securities  has received approval from the Shanghai State-owned Assets Supervision and Administration Commission  to acquire a 100% equity interest in Shanghai Securities, according to a Friday filing to the Hong Kong stock exchange.In late July, the company agreed to acquire a 100% stake in Shanghai Securities for 25.12 billion yuan in a cash-and-shares deal.The consideration will be settled by issuing 2.29 billion new Orient Securities A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, including Bailian Group , Shanghai Chengtou , and two state-owned entities under Shanghai SASAC: SIG & SIG Investment.A cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong , which is selling its 24.99% stake.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600649":"城投控股","600827":"百联股份","601211":"国泰海通","603958":"哈森股份","03958":"东方证券","BK0184":"上海国资改革","BK0223":"皮毛制品","BK0183":"MSCI概念","BK0188":"融资融券","BK0093":"O2O","BK0012":"证金概念","BK1564":"中资券商股","BK0028":"国家队","BK0276":"资本市场","BK0201":"可转债","BK0273":"房地产","BK0170":"新零售","BK0099":"上海本地重组","BK0164":"国企混改","02611":"国泰海通","BK0209":"零售","FCA":"First Trust China AlphaDEX Fund","BK1147":"投资银行业与经纪业","BK0196":"行业龙头","BK0053":"迪士尼","BK0020":"浦东新区"},"translate_title":"东方证券获得上海国资委批准收购上海证券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600649":0.9,"600827":0.9,"601211":0.9,"603958":0.9,"FCA":0.77,"02611":0.9,"03958":0.9},"content_text":"Orient Securities (SHA:603958, HKG:03958) has received approval from the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) to acquire a 100% equity interest in Shanghai Securities, according to a Friday filing to the Hong Kong stock exchange.In late July, the company agreed to acquire a 100% stake in Shanghai Securities for 25.12 billion yuan in a cash-and-shares deal.The consideration will be settled by issuing 2.29 billion new Orient Securities A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, including Bailian Group (SHA:600827), Shanghai Chengtou (SHA:600649), and two state-owned entities under Shanghai SASAC: SIG & SIG Investment.A cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}