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Dongguan Securities executive surrenders as state ownership could reach 95.4%

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  • 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.
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