Guolian Minsheng takes 100% of Minsheng Securities via court auction

What's the deal? Guolian Minsheng SecuritiesDealroom has a profile for this one. Try Dealroom → has taken full ownership of Minsheng SecuritiesDealroom has a profile for this one. Try Dealroom → Co., Ltd., buying an additional 2,424,311 shares — 0.02% of Minsheng's share capital — from Oceanwide HoldingsDealroom has a profile for this one. Try Dealroom → via a judicial auction. The purchase lifts its stake from 99.98% to 100%, making Minsheng a wholly owned subsidiary.

How it happened: The transfer followed an enforcement ruling by the Beijing Second Intermediate People's Court. A new equity certificate formally moved ownership and related rights to Guolian Minsheng Securities.

Who's involved? Guolian Minsheng Securities is a PRC-based firm under Guolian Securities Co., Ltd. Class H (HK:1456), focused on brokerage, investment banking, and related capital markets activities. Its parent carries a market capitalisation of HK$55.22B.

What's the endgame? Full ownership lets the group streamline governance and integrate operations across the securities platform. The company said it also gains scope to "optimize capital allocation within the group."

The signal: The mop-up of a residual 0.02% stake caps a longer consolidation of a key asset under one corporate structure. It reflects a broader push among Chinese brokerages to simplify ownership and centralise control of core subsidiaries.

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