BIZCHINA> Markets
Merchants Securities applies for IPO
(Agencies)
Updated: 2008-09-05 09:54
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail

China Merchants Securities Co Ltd said it plans to issue 358.55 million A shares, representing 10 percent of its total capital, in a domestic initial public offering (IPO).

The IPO proceeds will be used to supplement its operational funds, the company said in a draft prospectus published on the official website of the China Securities Regulatory Commission.

It did not say how much it plans to raise from the share sale.

The company's net assets per share ahead of the IPO amounts to 2.42 yuan (35 US cents).

State-owned China Merchants Group indirectly holds a controlling 51.65 percent stake in the brokerage at present.

Goldman Sachs and UBS Securities are joint underwriters for the IPO.

The securities regulator said it will review China Merchants Securities' IPO application on Monday, September 8.


(For more biz stories, please visit Industries)
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Popular in 24 Hours
Popular in 1 Week