On August 6, 2011, SS Jiqi issued an announcement stating that in view of the company’s major asset replacement and the merger of Guohai Securities Co., Ltd. with new shares, it has been approved by the China Securities Regulatory Commission and has After implementation is completed, the company's shares will resume trading on August 9. The backdoor listing plan of Guohai Securities, which took more than four and a half years, was finally successful.
After more than four years of "marathon" running, Guohai Securities, the only national comprehensive securities company in Guangxi, finally entered the door of the A-share market, and those who hold the shares of the original Guangxi listed company Guilin Jiqi Investors have finally waited for the day when trading will resume. On August 8, SST Jiqi, which had been suspended from trading for more than four years, issued an announcement stating that the company’s shares would resume trading on August 9 and changed its name to Guohai Securities. This not only means that Guohai Securities successfully backdoored Jiqi and became the 16th listed securities firm in the A-share market, but also means that a major event in the Guangxi capital market over the years that promoted the listing of Guohai Securities has finally come to a successful conclusion.
The backdoor listing of Guohai Securities since November 2006 has been full of twists and turns. On November 23 of that year, SST Jiqi began to suspend trading. Shortly thereafter, the company announced that Guohai Securities was negotiating with the company’s controlling shareholder on backdoor transactions. In November 2008, investors who had been suffering for two years finally received the news from Guohai Securities. Backdoor scheme. Unexpectedly, investors had to wait for more than two years due to the insider trading case of Zhang Xiaojian, the former vice president of Guohai Securities.
In January 2011, the China Securities Regulatory Commission reported the results of the investigation of insider trading, and it was clear that Guohai Securities’ backdoor path was finally clear of obstacles. On May 11, the listing application of Guohai Securities was conditionally approved by the China Securities Regulatory Commission, announcing that the listing has entered the countdown stage. On August 3, SST Jiqi announced that the company had completed the industrial and commercial registration change procedures, and the company's full name was changed to "Guohai Securities Co., Ltd.". At the same time, the business scope was also changed from medicine to securities business. On August 8, SST Jiqi issued an announcement to resume trading on August 9, and the company’s stock was renamed Guohai Securities. At this point, the listing of Guohai Securities has finally settled.
“The successful listing of Guohai Securities will greatly promote the development of Guangxi’s capital market and financial market, and will also greatly promote the creation of Nanning as a regional financial center.” A senior person in Guangxi’s securities industry said . In addition, the suspension of the listing of Baling Technology, a company to be listed in Guangxi in the early stage, caused a big blow to the Guangxi capital market. The successful listing of Guohai Securities can have a boosting effect on the companies to be listed in Guangxi.
According to data, Guohai Securities was formerly known as Guangxi Securities and was founded in 1988. In 2001, Guangxi Securities increased its capital and shares, increasing its registered capital from 100 million yuan to 800 million yuan, and officially changed its name to Guohai Securities. Guohai Securities is one of the first national comprehensive securities companies established in China and the only one registered in Guangxi. After 10 years of development, the company has grown into a comprehensive financial services enterprise integrating securities, funds, futures and other diversified financial businesses. .
It is worth mentioning that as the backdoor listing process of Guohai Securities progresses, the stock prices of several listed companies have experienced multiple increases. On Monday, the market plummeted by 100 points due to the continued slump in global stock markets, and individual stocks fell sharply. However, Guidong Electric Power and Soft, the joint-stock companies of Guohai Securities, bucked the trend and performed well.