Huatai Eyes IPO To Fund Innovative Business
HUATAI Securities Co plans to issue 785 million shares in its initial public offering in Shanghai this week to fund its development of innovative business and replenish working capital.
The Jiangsu-based brokerage started a road show for its IPO yesterday and will begin receiving subscriptions from next Monday, it said in a prospectus to the Shanghai Stock Exchange yesterday.
The IPO, accounting for 14 percent of its expanded capital, will help the brokerage increase investments in innovative business, such as margin trading and short selling, to seek new revenue sources. Huatai will reveal a price range on Friday, and analysts estimate it will raise at least 10 billion yuan (US$1.47 billion) from the share sale.
The Jiangsu-based brokerage started a road show for its IPO yesterday and will begin receiving subscriptions from next Monday, it said in a prospectus to the Shanghai Stock Exchange yesterday.
The IPO, accounting for 14 percent of its expanded capital, will help the brokerage increase investments in innovative business, such as margin trading and short selling, to seek new revenue sources. Huatai will reveal a price range on Friday, and analysts estimate it will raise at least 10 billion yuan (US$1.47 billion) from the share sale.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.