Guolian Securities (HKG:1456) received approval from the China Securities Regulatory Commission (CSRC) to register the issuance of 2.64 billion A shares for asset acquisition and for a supporting fund-raising of up to 2 billion, according to a Friday filing with Hong Kong.

The approval confirms changes in key shareholders, including integrating Minsheng Securities and Minsheng Futures.

The company will proceed with the transactions within 12 months and adhere to disclosure and regulatory obligations.