HK Stock Movement | CICC (03908) Resumes Trading with 7% Surge as Merger Plan Unveiled, Expected Total Assets to Exceed Trillion Yuan

Stock News12-18 09:28

CICC (03908) resumed trading with a sharp opening gain of over 7%. As of press time, the stock rose 7.07% to HK$20.3, with a turnover of HK$89.929 million.

The surge follows the announcement of a significant development in CICC's merger plan with Dongxing Securities and Cinda Securities on the evening of December 17. According to the proposal, the swap price for CICC's A-shares is set at RMB 36.91 per share, with exchange ratios of 1:0.4373 for Dongxing Securities and 1:0.5188 for Cinda Securities against CICC's A-shares.

Post-transaction, CICC is expected to achieve leapfrog development, with total assets projected to exceed one trillion yuan and revenue ranking among the industry's top players. Analysts suggest that resource consolidation within the sector could become a key strategy for securities firms to rapidly expand scale and enhance comprehensive capabilities. Large brokerages may further strengthen their competitive edges through mergers, while smaller firms could leverage acquisitions to accelerate growth and achieve synergies.

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