Guotai Haitong Securities (SHA:601211, HKG:2611) subsidiary Guotai Haitong Financial Holdings has completed the approval, review, and filing with Shanghai SASAC as part of the procedures to take its offshore unit, Guotai Junan International Holdings (HKG:1788), private in a HK$28.59 billion deal, according to a joint bourse filing on Friday.
The companies said the going-private transaction is still awaiting approval from the PRC's National Development and Reform Commission.
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