Yesterday morning (23rd July), broker/investment bank Guotai Junan International (1788 HK) (GJI) was suspended pursuant to the Takeovers Code.
GJI is 73.92%-controlled by the recently formed state-backed Guotai Haitong Securities (601211 CH) (GHS) - see GJS/Haitong Merger: One Formality Reg To Go.
GHS will be taking out GJI. The key question is at what price?
Musings On Guotai Haitong (601211 CH)'s Expected Offer For Guotai Junan (1788 HK)
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