CICC to resume trading Sept 23 after completing dissenting shareholder buyout in three-way merger
China International Capital Corporation (CICC) will resume A-share trading on September 23 after completing a buyback for dissenting shareholders in its absorption merger with Dongxing Securities and Cinda Securities. During the September 15-17 objection period, 1,084 accounts validly tendered 7,321,947 shares. The merger, approved by the China Securities Regulatory Commission on September 7, will create a brokerage with over one trillion yuan in total assets. Shenwan Hongyuan Securities funded the buyout.
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CICC Announces Resumption of A-Share Trading After Merger with Dongxing and Cinda Securities
On September 22, China International Capital Corporation (CICC) announced progress in its absorption merger with Dongxing Securities and Cinda Securities. CICC stated that the results of the objection shareholder buyback request process are complete, and its A-shares will resume trading on September 23. Dongxing and Cinda also disclosed the results of their cash option elections, but their shares will be delisted and will not resume trading. Under the merger terms, eligible dissenting CICC shareholders received a buyback offer at 34.57 yuan per A-share, with Shenwan Hongyuan Securities paying approximately 253 million yuan for 7.32 million shares. For Dongxing, dissenting shareholders received 13.04 yuan per share from China Galaxy Securities, totaling about 50.62 million yuan. For Cinda, dissenting shareholders received 17.75 yuan per share from New China Life Insurance, totaling about 2.167 billion yuan. Remaining shares will convert into CICC shares at ratios of 0.4376 CICC share per Dongxing share and 0.5210 CICC share per Cinda share.
Read sourceCICC Shares to Resume Trading After Key Step in Three-Way Merger with Dongxing and Cinda Securities
China International Capital Corporation (CICC) announced that its A-shares will resume trading on September 23 after completing the acquisition offer process for dissenting shareholders in its merger with Dongxing Securities and Cinda Securities. During the September 15-17 application period, 1,084 securities accounts with 7,321,947 shares were validated for the buyout. The acquirer, Shenwan Hongyuan Securities, has paid the required funds, and share transfer procedures are underway. The merger will create a trillion-yuan asset brokerage, with CICC's total assets rising from 782.8 billion yuan to 1.03 trillion yuan, net capital jumping from 48.1 billion to 103.3 billion yuan (ranking 4th industry-wide), and revenue increasing from 28.5 billion to 37.2 billion yuan (ranking 3rd). The combined entity will have 441 branches (3rd in the industry). Central Huijin remains the largest shareholder with 24.41% stake. The China Securities Regulatory Commission has mandated a one-year integration plan with risk isolation requirements. The article notes that the success of the merger depends on post-merger execution.
Read sourceCICC Says 7.32 Million Shares Filed Objections in Dongxing, Cinda Merger
On September 22, China International Capital Corporation (CICC) announced that during the objection period for its proposed share-exchange merger with Dongxing Securities and Cinda Securities, a total of 1,084 A-share dissenting shareholder accounts validly exercised their appraisal rights, covering 7,321,947 shares. CICC plans to issue new A-shares to all A-share exchange shareholders of Dongxing Securities and Cinda Securities to complete the absorption merger. The company stated that Shenwan Hongyuan Securities, the provider of the appraisal rights, has already remitted the full exercise funds to the Shanghai branch of China Securities Depository and Clearing Corporation. The clearing and transfer procedures for the relevant shares are expected to be processed in the coming days according to regulations.
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Dongxing Securities: Valid Cash Option Declarations Total 3,882,026 Dissenting Shares
On September 22, Dongxing Securities announced that as part of its proposed merger with China International Capital Corporation (CICC) and Cinda Securities, CICC will issue A-shares to Dongxing and Cinda shareholders in exchange for their shares. During the A-share dissenting shareholder cash option declaration period, 227 accounts (including partially valid ones) made valid declarations for a total of 3,882,026 dissenting shares. The cash option provider, China Galaxy Securities, has already remitted the full exercise funds to the Shanghai branch of China Securities Depository and Clearing Corporation. Share transfer and settlement procedures are expected to be completed in the coming days.
Read sourceCICC Shares to Resume Trading After Key Step in Three-Way Merger with Dongxing and Cinda Securities
China International Capital Corporation (CICC) announced on September 22 that its A-shares will resume trading on September 23, following the completion of a buyback offer for dissenting shareholders. The move marks a key step in the merger with Dongxing Securities and Cinda Securities, creating a trillion-yuan asset brokerage. During the September 15-17 offer period, 1,084 accounts validly tendered 7,321,947 shares. The buyback is funded by Shenwan Hongyuan Securities. Post-merger, CICC's total assets are projected to rise from 782.8 billion yuan to 1.03 trillion yuan, with net capital jumping from 48.1 billion to 103.3 billion yuan, ranking fourth industry-wide. Revenue is expected to increase from 28.5 billion to 37.2 billion yuan, ranking third. The combined entity will have 441 branches, up from 247. Central Huijin will remain the largest shareholder with 24.41% stake. The China Securities Regulatory Commission has required CICC to submit a detailed integration plan within one year and maintain risk isolation during the transition.
Read sourceCICC Reports 7.32 Million Effective Objection Shares in Absorption Merger
China International Capital Corporation (CICC) announced that during the objection period from September 15 to September 17, 2026, a total of 1,950 securities accounts filed 10,930,321 shares in relation to its proposed plan to issue A-shares to absorb and merge with Dongxing Securities and Cinda Securities. After excluding invalid submissions, 1,084 accounts with 7,321,900 effective objection shares were recorded. The announcement provides a key procedural update on the merger process, indicating the level of shareholder dissent as the deal moves forward.
Read sourceCICC to Resume A-Share Trading on Sept 23 After Merger with Dongxing and Cinda Securities
China International Capital Corporation (CICC) announced on September 22 evening that its A-shares will resume trading on the Shanghai Stock Exchange from September 23, 2026, following the completion of a share exchange and absorption merger with Dongxing Securities and Cinda Securities. During the objection period for dissenting shareholders, 1,950 securities accounts filed claims covering 10.93 million shares, of which 1,084 accounts with 7.32 million shares were validated. The merger received regulatory approval from the China Securities Regulatory Commission on September 7. As part of the deal, China Orient Asset Management and Cinda Asset Management will become major shareholders of CICC, holding 8.03% and 16.76% stakes respectively. CICC will also acquire 100% of Dongxing Fund and 54% of Cinda澳亚 Fund, while Dongxing Futures' controlling shareholder will change to CICC.
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