Shenwan Hongyuan Futures, Hongyuan Futures Approved For Merger

Shenwan Hongyuan Futures and Hongyuan Futures said on Thursday that China’s securities regulator has approved Shenwan Hongyuan Futures to absorb Hongyuan Futures, according to ETNet. After the merger is completed, Hongyuan Futures’ branches will become branches of Shenwan Hongyuan Futures, and Hongyuan Futures will be dissolved in accordance with the law. The companies said the surviving entity will inherit all assets, liabilities, businesses, staff, contracts, qualifications and other rights and obligations of Hongyuan Futures from the closing date. Hongyuan Futures’ clients and business will be transferred into the surviving company, while trading and fund transfers will continue as normal during the merger period.