Dongwu Securities Plans to Acquire Controlling Stake in Donghai Securities, Transaction Party Makes Multiple Commitments

MaticHoleFiller · 2026-03-21T08:38:51+00:00

Soochow Securities plans to issue shares and pay cash to acquire 83.77% equity stake in Donghai Securities. The transaction involves multiple state-owned investment platforms and individual shareholders. The announcement lists multiple commitments to ensure information authenticity and legal compliance, while safeguarding corporate governance and shareholder interests. The transaction requires approval through internal decision-making processes and regulatory authorization.

MaticHoleFiller

2026-03-21 08:38:51

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China Investment Network Data: Dongwu Securities Co., Ltd. (Stock Code: 601555) recently announced that it disclosed commitments related to the issuance of shares and cash payment to acquire an 83.77% stake in Donghai Securities Co., Ltd., as part of a related-party transaction. The core decision of this transaction is for Dongwu Securities to acquire control of Donghai Securities through issuing shares and paying cash. Key data shows that the target of this transaction is an 83.77% stake in Donghai Securities, with transaction counterparts including Shudao Investment Group Co., Ltd., several state-owned investment platforms in Changzhou, and other institutions and individual shareholders.

The announcement details multiple important commitments made by the listed company, its directors, supervisors, senior management, controlling shareholders, actual controllers, transaction counterparts, and the target company and its management. These commitments mainly cover the authenticity, accuracy, and completeness of provided information; legality, compliance, and integrity; absence of circumstances preventing participation in the company’s asset restructuring; share lock-up arrangements; and measures related to reducing related-party transactions, ensuring independence, and confidentiality. Some transaction counterparts have committed that the shares of Dongwu Securities obtained through this transaction will be locked for 12 or 36 months, depending on the situation. The controlling shareholder and its concerted parties have committed not to reduce their holdings during the transaction period.

The scope of this transaction involves Dongwu Securities’ equity structure, future business integration, and corporate governance. The fulfillment of related commitments aims to ensure the transaction’s compliance and transparency, protect the interests of the company and all shareholders, and lay a foundation for subsequent regulatory review and transaction implementation. The transaction still requires internal approval procedures and approval from relevant regulatory authorities.

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