Orient Securities Hong Kong shares hit 2-month high on acquisition plan

Guotai Haitong Securities Co

20/04/2026 02:55

** Hong Kong shares of Orient Securities 3958.HK jump as much as 13.5% to HK$6.88, their highest level since February 23

** Stock last up 0.8% at HK$6.12
** Trading in Shanghai-listed stock 600958.SS halted on Monday pending statement on acquisition

** China-based financial services provider says it's contemplating a possible acquisition of 100% equity interest in Shanghai Securities by way of issuance of A shares and payment of cash consideration

** Says it has entered into an agreement for acquisition of the assets from Bailian Group, Shanghai International Group Investment, Shanghai International Group, Shanghai Chengtou (Group), and Guotai Haitong Securities 601211.SS

** Co does not detail the price tag

** YTD, Hong Kong stock down 6.9%, Shanghai-listed shares down 14.3%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))