Dongwu Securities plans to acquire 83.68% of Donghai Securities by issuing shares and paying cash, with a total transaction value of 11.519 billion yuan

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Dongwu Securities plans to acquire 83.68% of Donghai Securities for a total consideration of 11.519 billion yuan. The deal will use both new shares and cash, with shares accounting for most of the payment. The transaction has already cleared the company board but still needs shareholder approval, exchange review, and regulatory registration. The announcement also says the valuation implies a 40.76% premium over the benchmark appraisal date.

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