CICC's 3.104 billion-share merger enters final phase as two brokerages delist

Verifying
  • CICC will absorb Cinda Securities and Dongxing Securities through a share-swap merger.
  • CICC will issue 3.104 billion new shares to complete the transaction.
  • Cinda Securities and Dongxing Securities will delist and lose independent legal entity status.
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