Southwest Securities Premium Issuance

13.23 Yuan, this is the south-western Securities (600369) yesterday's closing price, but the company recently completed nearly 6 billion yuan of directional additional value per share of additional prices for 14.33 yuan.　　Southwest Securities on the one hand in the concussion of the city created a premium for the success of the myth, on the other hand also let the market for this bizarre additional issue has created a huge question: Who is the creation of this myth?　　High price and easy success Southwest Securities recently issued a notice that the company to 8 specific investors non-public 419 million shares in the domestic listed RMB common, the issue price of 14.33 yuan/share, raise the net amount of 5.944 billion yuan, the current registration of new shares of the trusteeship procedures have been completed.　　The targeted additional plan was approved by the SFC on May 27 this year, just over the past 3 months, Southwest Securities on the easy implementation of the plan, and the weak trend and many still in the "queue" waiting for additional financing of the listed companies formed a sharp contrast. However, the south-West Securities issued more than its share price is much higher, as of yesterday's close, Southwest Securities closed 13.23 yuan/share, compared with its additional price discount of 7.68%.　　Market analysts said that the A-share market for the success of the case of premium issuance is extremely rare, and Southwest securities can be successfully implemented with its irreplaceable factors.　　It is noteworthy that Southwest securities in the interim performance is not ideal, from the report, the first half of the company's net profit of 161 million yuan, compared with the same period last year, a sharp decline of 62.56%. Local state-owned group of supporters from the announcement can be seen, Southwest Securities can be successfully completed to increase, Chongqing local Sasac really work.　　From the subscription result, the top 5 of the 8 placements were local legal persons.　　In addition to Chongqing run Jiang Infrastructure Investment Co., Ltd. to subscribe 100 million shares, Zhongqing Jiangbei mouth CBD Development Investment Co., Ltd., Chongqing Expressway Group Co., Zhongqing Urban Construction Investment Company and Zhongqing Water Conservancy Investment (Group) Co., Ltd. were respectively allocated 50 million shares. It is reported that the above 5 are issued by the local state-owned companies in Chongqing, the total subscription of 300 million shares of new shares, accounting for the southwest of the total number of private issues 72%, the use of funds up to 4.3 billion yuan.　　The remaining 3 subscribers are the regulars in the Non-public offering market. Beijing Sheng Lian Investment Co., Ltd., Shanghai Shi Zhao Investment Management Co., Ltd., Yunnan Province City Construction Investment Co., Ltd.　　A brokerage analyst said that the thermal growth of local state-owned enterprises is the main reason why the south-West Securities will be able to achieve the increase. The incentive to sell shares at discounted prices before the directional additional, there appeared a more "magical" event.　　Southwest stock of the original shareholder Chongqing Water Assets Management Co., Ltd. through a large amount of trading to reduce the south-west stock, but the reduction price is not only lower than the additional price, more than the southwestern stock prices have a large discount. August 9 and August 20, Southwest Securities through the bulk of the sale of 30.45 million shares sold, selling the average price of 12.84 yuan/share, selling sales offices are Chongqing Cang Bai Lu Sales department. It is noteworthy that, the shares of the southwestern securities were above 14.30 yuan, selling at a discount of more than 10%, and the takeover of the bulk deal was suspected to start selling some of it in the two-tier market the following day. A private-equity official, who declined to be named, told reporters the south-west security of the directional issue is almost only successful not to fail, because as early as before, Chongqing Sasac said to 2012 years ago to the southwest of the securities to create the first Chi enterprises in Chongqing, if this set increase failure, this goal to achieve a considerable degree of difficulty.　　In addition, if the institutions participating in the increase are only the local state-owned enterprises in Chongqing, the outside world will be "closed" to the south-West securities, so it is necessary to introduce some foreign agencies, and the price of premium is not easy to achieve, so it is necessary to give some benefit to the participating field agencies. "The estimated reduction of water supply in Chongqing is ' negotiable ', local government to create a local financing platform for the big chess, Chongqing Water supply may be to participate in the increase in the field of a certain sweetness, and the Southwest Securities financing platform once on the scale, the southwest security itself and the entire Chongqing image will have a great promotion. "The private equity person said.