Western Securities Gets Nod to Become Guorong Securities' Major Shareholder; Shares Up 7%

MT Newswires Live

2025/08/18

Western Securities (SHE:002673) received regulatory approval to become a major shareholder of Guorong Securities, according to a Shenzhen bourse filing on Saturday.

The Chinese securities services provider's shares jumped almost 7% during Monday's morning trade.

Western Securities acquired 1,151,433,439 shares, or 64.6% of Guorong Securities.

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