Guotai Haitong Securities (HKG:2611, SHA:601211) and its subsidiaries have agreed to accept a takeover offer for Haitong Unitrust International Financial Leasing (HKG:1905) from Shanghai International Group, according to a Friday filing in Hong Kong.

Under the terms of the deal, Shanghai State-owned Assets Management made a pre-conditional partial cash offer to acquire 1.24 billion domestic shares, representing 15.1% of Unitrust's total issued shares, for 1.85 yuan each.

Shanghai International Group (Hong Kong) made an offer to acquire 2.96 billion H shares, or 35.9% of the company, at HK$2.16 each.

If the acquisition is completed, Unitrust will no longer operate as a subsidiary of Guotai Haitong Securities, and its financial results will be deconsolidated.