HK Movers | CICC Gains 4% on Merger Plan with Dongxing and Cinda Securities

Stock Track12-18 09:45

CICC (03908) gained 3.7% during Thursday's intraday session, reflecting strong investor optimism following the announcement of its merger plan with Dongxing Securities and Cinda Securities. The stock's sharp rise underscores market confidence in the deal's potential to transform CICC into a financial giant.

The merger, structured as a $16 billion share-swap deal, is expected to propel CICC's total assets beyond one trillion yuan and position it among the industry's top revenue earners. Analysts highlight that the consolidation will enhance CICC's competitive edge and operational scale, driving long-term growth. The swap ratios for the deal are set at 1:0.4373 for Dongxing Securities and 1:0.5188 for Cinda Securities against CICC's A-shares.

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