Take the public offering license! Guolian securities copy CITICs crazy M & a road?

category:Finance
 Take the public offering license! Guolian securities copy CITICs crazy M & a road?


Guolian Securities said frankly that China Shipping fund is mainly engaged in fund raising, fund sales, asset management and other businesses permitted by China Securities Regulatory Commission. The acquisition of the company is an important business growth point for the group to increase its control over China Shipping fund and quickly obtain public offering license.

Guolian securities, which is buying and acquiring Guojin securities, is targeting the public offering license.

On September 30, the H-share announcement of Guolian securities indicated that the company had entered into an equity transfer agreement with the Bank of Rothschild of France, and the company had agreed to acquire 25% equity of China Shipping fund with RMB 115 million; after the acquisition, the company would hold 58.409% equity of China Shipping fund, and China Shipping fund would become a holding subsidiary of the company.

As of July 31, 2020, the total value of assets and net assets of China Shipping fund are 270 million yuan and 247 million yuan respectively. In 2019, China Shipping fund realized a net profit of 2.1568 million yuan after tax.

Guolian Securities said frankly that China Shipping fund is mainly engaged in fund raising, fund sales, asset management and other businesses permitted by China Securities Regulatory Commission. The acquisition of the company is an important business growth point for the group to increase its control over China Shipping fund and quickly obtain public offering license.

Guolian securities further said in the announcement that there are three main reasons for holding China Shipping Fund:

2u3001 After the acquisition, China Shipping fund will become the holding subsidiary of the company. The Board believes that this will help to better implement the companys business philosophy and strategy.

Interestingly, the development of public offering REITs has become one of the core reasons for Guolian securities to seek public offering license.

There is sufficient space for the development of infrastructure public REITs in China. Xu Xianping, chairman of the 2020 China REITs forum and counsellor of the State Council, said recently that the potential scale of Chinas standard public offering REITs products should be between 5 trillion yuan and 14 trillion yuan, which can leverage three times the investment of 15 trillion yuan to 42 trillion yuan.

Guolian securities copy CITICs crazy M & a road?

Supporting domestic securities companies to become bigger and stronger is one of the main themes of the development of the securities industry. However, the combination of strong and powerful in the market rumors did not appear. Instead, it was Guolian securities that launched the first shot of industry merger and acquisition, making Guolian securities the focus of the securities industry in the near future.

On September 20, Guolian securities and Guojin securities announced that Guolian securities would absorb and merge Guojin securities by exchanging shares; at the same time, Guolian securities acquired about 7.82% equity of Guojin securities held by Changsha Yongjin.

Wang Yifeng, an analyst at Everbright Securities, pointed out that increasing the companys strength through merger and acquisition is a feasible way for the industry to transform into capital intermediary business. Looking back on the four waves of M & A integration in Chinas securities industry and the growth history of leading securities companies at home and abroad, we can see that through M & A integration, securities companies can expand the location layout, extend the business chain, and break through the development bottleneck. CITIC Securities started from medium-sized securities companies, seized the opportunity and gradually locked in the leading position through multiple mergers and acquisitions. In the new wave of M & A integration, it is an effective way to break through the tight encirclement and promote upward or realize the rapid enhancement of the overall strength of securities companies.

In 2003, CITIC Securities successfully landed on the Shanghai Stock Exchange, becoming the first securities company to be listed through IPO in China.

In 2006, CITIC Securities directly transformed Jintong securities into a wholly-owned subsidiary by Zhejiang International Trust and Hainan Yangshengtang.

In recent years, CITIC Securities has not stopped its M & a pace. At the end of 2018, CITIC Securities started the acquisition of 100% equity of Guangzhou securities, and finally fully took over Guangzhou securities in January this year. The registered name of Guangzhou securities was changed to CITIC Securities South China Co., Ltd.

And this round of Guolian securities successive mergers and acquisitions is also full of the shadow of CITIC Securities.

In 2015, at the age of 63, Wang Dongming retired from the post of chairman of CITIC Securities due to his age, and joined Guolian securities as a consultant.

In June 2019, Ge Xiaobo, known as the emperor of financial work, officially joined Guolian securities as the executive director, President and financial director of the company, as well as the director of Huaying securities and the director of China Shipping fund.

As one of the first batch of sponsor representatives in China, Ge Xiaobo worked in CITIC Securities for 22 years. He successively served as manager and senior manager of investment banking department, deputy director of A-share listing office, deputy general manager and executive general manager of risk control department, executive director of trading and derivatives business department, planning and finance department, risk management department, overseas business and fixed income business, and executive committee Member, financial director, chief risk officer, etc.

In addition to ge Xiaobo, Wang Jie, Secretary of the board of directors of Guolian securities, Wang Jinling, chief information officer, Yin Hongwei, vice president and chief wealth officer, and Li Qin, chief risk officer, all worked in CITIC Securities.

In the development history of CITIC Securities, Wang Dongming served as the chairman of the company from 2002 until he retired in 2015. He led the listing and subsequent large-scale mergers and acquisitions. He is the soul of the company to gradually lock in the leading position through multiple mergers and acquisitions.