News from Red Star Capital Bureau on May 14ToptencryptogamesThis evening, Guolian Securities (601456ToptencryptogamesSH) disclose the restructuring plan, the company intends to issue A-share shares to buy a total of its 100% shares of Minsheng Securities from 46 trading parties, including Guolian Group and Guoquanyu, and raise matching funds. The price of the transaction has not yet been determined. According to the relevant regulations, the company's shares will resume trading on May 15.

At the same time, listed companies such as time Publishing (600551.SH), Sophia (002572.SZ) and Beijing 002392.SZ also announced that the company or its subsidiaries intend to sell their shares in Minsheng Securities to Guolian Securities and subscribe for the newly issued A shares of Guolian Securities with the underlying assets.

Among them, according to the Times Publishing announcement, the company signed the "Framework Agreement on issuing shares to purchase assets" with Guolian Securities, intending to sell 73.4754 million shares of Minsheng Securities to Guolian Securities, and subscribe for the newly issued A shares of Guolian Securities with the underlying assets.

Earlier, Guolian Securities announced on April 25 that it planned to acquire a total of 10.87 billion shares of Minsheng Securities held by trading parties such as Guolian Group by issuing shares to purchase assets, accounting for 95.48 per cent of its total share capital. To this end, Guolian Securities withdrew its previous 5 billion increase plan, and the company's shares were suspended from trading on April 26th.

In other words, according to the latest announcement, the proportion of shares in Minsheng Securities to be acquired by Guolian Securities has increased from 95.48% to 100%.

(article source: red Star Capital Bureau)