Shanghai International Offers to Acquire 51% of Haitong UniTrust for About $1.16 Billion

Reuters and corroborating context explicitly report that Shanghai International Group and related Shanghai state-owned entities announced pre-conditional voluntary cash partial offers for approximately 51% of Haitong UniTrust, with disclosed share counts, offer prices and an aggregate value of about $1.16 billion. This is a forward-looking control and ownership transaction, not a price-move report; completion remains subject to regulatory approvals, so the development is announced rather than completed. The importance score is high because the offer could materially change control, valuation and trading liquidity for the target. The exact announcement time is not independently stated, so the source timestamp is used as the best UTC estimate with reduced timestamp confidence; the October 26 trading resumption is treated as a scheduled milestone within the transaction rather than the development’s occurrence time. Only 1905.HK is approved because the proposed effects on competitors and other group entities are speculative or indirect in the supplied context.