Related News
Haitong aims to raise US$3.9b
Print Edition
HAITONG Securities, China’s second-largest brokerage by market value, said it plans to raise HK$29.9 billion (US$3.9 billion) in a private share placement in Hong Kong.
The brokerage will sell 1.92 billion additional Hong Kong-listed shares at HK$15.62 each to seven investors, including New China Investment Management Co and TD Ameritrade Special Holdings. Hedge fund Marshall Wace LLP is also among the buyers.
“It’s the golden period for brokerages to raise funds under a bull run,” said Li Bo, a Shanghai-based investment consultant at Guangfa Securities Co.
“There’s a high possibility for other counterparts to unveil similar plans in a sizeable way.”
Haitong said it will use 60 percent of the proceeds on its short selling and margin trading business and 10 percent to replenish working capital.
The brokerage’s Hong Kong-listed shares have gained 36 percent this year, compared with a 1 percent decline in the Hang Seng Index.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
