Shenwan Hongyuan Group Co., Ltd. has received approval from the China Securities Regulatory Commission to absorb and merge Hongyuan Securities through a share exchange. The exchange ratio is set at approximately 2.049 shares of Shenwan Hongyuan for each share of Hongyuan Securities. The merger will result in the delisting of Hongyuan Securities on January 26, 2015, with shares of Shenwan Hongyuan commencing trading on the same day.
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