Southwest Securities "Black Chicken" changed to "Phoenix"

February 26, 2009, Southwest Securities successfully borrow Shell St Long Yun, listed on the Shanghai Stock Exchange, to achieve the overall listing. In early 2005, the company was on the verge of bankruptcy. To save the southwestern securities, the Chongqing municipal government proposed a "three-pronged" rescue plan: The first is the reorganization of assets and debt, the sale of some assets to replenish cash flow, the liquidation of historical arrears; Secondly, equity restructuring, the introduction of strategic investors in China to build the bank, improve the ownership structure, perfect corporate governance structure and internal control mechanism; again, to advance the listing,　　Through the listing so that strategic investors exit smoothly, while the south-west Securities in the new mechanism to grow and develop. October 23, 2006, the China Securities Regulatory Commission approved the Southwest Securities registered capital from 81,521 to 560,000 yuan to 233,661 560,000 Yuan, of which China invested in cash to increase the capital of 1.19 billion yuan, Chongqing Yu Fu to cash increase of 300 million yuan, Yunnan Metallurgical Group Corporation, with its claim on Southwest securities, 31.4 million yuan to the south-West Securities equity. November 28, 2006, the new Southwest Securities opened.　　After more than two years of standardized operation, Southwest Securities finally realize the overall listing. In the 2010, Southwest Securities, which were on track, were recognised by investors and successfully refinanced. The company 14.33 Yuan/share of the price of private 418.7 million shares, after deducting the cost of the actual collection of funds to raise the net amount of 5.944 billion yuan.