On September 24, CICC declined 3.07% in regular trading, trading at 20.3 HKD/share, with turnover of approximately 7.05 million HKD. The pullback came one day after the company's A-shares resumed trading with a 2.67% gain, while its H-shares had posted only a modest 0.39% rise in the prior session.
On the news front, CICC disclosed on September 23 that Shenwan Hongyuan Securities, acting as the put-option counterparty, had completed the transfer and settlement of all validly tendered dissenting shares. The corresponding funds of approximately 253 million yuan will be credited to dissenting A-share shareholders' accounts within five trading days. Meanwhile, Dongxing Securities and Cinda Securities submitted voluntary delisting applications to the Shanghai Stock Exchange on September 18, both of which were formally accepted on September 23. The landmark three-way merger — involving approximately 3.1 billion newly issued A-shares and a combined transaction value of 113.9 billion yuan — is now entering its final operational phase of share exchange implementation.
The broader Investment Banking and Brokerage sector traded lower on the day, with peers including CITIC SEC down 2.29%, GF SEC down 2.27%, and CSC down 1.13%, reflecting sector-wide pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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