Dongguan Securities executive surrenders as state ownership could reach 95.4%
AI Summary- Gao Zemin surrendered over suspected serious duty-related violations and faces investigation by Dongguan authorities.
- State-owned entities could hold 95.4% of Dongguan Securities after a proposed 20% stake transfer.
- Dongguan Securities' IPO application remains awaiting its first inquiry after acceptance in March 2023.