Pacific plans to open 500 million shares to raise 5 billion expansion business

NetEase Finance February 16 Pacific 16th evening issued a notice, the proposed non-public offering of shares not more than 500 million shares, the issue price is not less than 10.28 yuan/share.　　According to the announcement, the Non-public offering of shares raised funds not more than 5 billion yuan, will be used to increase the company capital, expand the company's business. The company said that the fund-raising will be used to optimize the distribution of brokerage outlets, expand the market share of brokerage business, integrate and expand the marketing service channels, increase the securities underwriting reserve, enhance the underwriting business strength of investment banks, moderately improve the scale of the securities investment business, and set up or participate in the holding fund management company and　　To carry out innovative business such as asset Management, direct equity investment, margin lending and so on approved by relevant departments, increase investment in research and development, build specialized research team, increase investment in infrastructure construction, ensure safe and efficient operation of business, and expand international business in a timely manner. Earlier, January 25, the Pacific released performance forecasts, said the company's initial accounting, the company 2010 to achieve net profit of 204 million yuan, down 49.73% year-on-year.　　2010, the company realized operating income of 675 million yuan, down 19.21%, earnings per share of 0.136 yuan, the year-on-year decline of 49.63%.　　The company said the decline was mainly due to a sharp drop in corporate investment income (including fair value change), and a decline in the overall market volume and commission rate, resulting in a fall in net income from the company's agency for trading Securities. The unit 16th low Open High, volume rose, the collection Rose 4.53%, reported to 12.22 Yuan.