China's Haitong Securities agrees to be bought by Guotai Junan via share swap

China's Haitong Securities agrees to be bought by Guotai Junan via share swap

FILE PHOTO: People walk past a branch of Haitong Securities, in Shanghai, China, January 26, 2017. REUTERS/Aly Song/File Photo

Shanghai-based Haitong Securities said it has agreed to be acquired by its rival Guotai Juan Securities via a share swap, in one of the largest mergers in China’s securities history.