Nov 14, 2023 04:09 PM

FINANCE

Top Securities Firms CICC, China Galaxy Deny Merger Rumor

By Wang Juanjuan and Zhang Yukun

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What’s new: Leading securities firms China International Capital Corp. Ltd. (CICC) (601995.SH) and China Galaxy Securities Co. Ltd. (CGS) (601881.SH) denied market speculation of a merger.

In stock exchange filings Monday, the two firms said they had not received any information about the rumored merger from any government departments, regulatory agencies, or controlling shareholders.

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