The development of GF Securities to raise 18 billion yuan additional funds
Source: Internet
Author: User
KeywordsGF Securities
3rd, the Guangdong Securities (000776) announced the private issue of stock plans. The company intends to give a specific object to the Non-public offering of shares not exceeding 600 million shares, the issue price is not less than 27.41 yuan/share. The total amount of capital raised is not more than 18 billion yuan, will be used to increase the company Capital, supplement the company's operating capital to expand the company's business. GF Securities The targeted additional funds are mainly used in seven areas, including expanding the size of the underwriting reserve, increasing the financing margin business reserve, improving the scale of securities investment business and expanding direct investment, international business, stock index futures and other business scale. Investment banking is one of the main business of GF Securities. 2009 completed the main underwriting 11, the main underwriting number of the market ranked 5th. GF Securities believes that there are still some gaps in the ability to undertake large underwriting projects for stocks and bonds. With the increasing degree of marketization and the integration with the international securities market, the company needs to have the net capital strength for the large customer service, increase the stock underwriting and bond underwriting capital preparation, meanwhile, the company also needs to prepare capital for the launch of the International board. GF Securities will optimize the distribution of brokerage business outlets through this issue. The company currently has 189 business outlets, dot distribution in the country 27 provinces and cities, although the brokerage business system has been a considerable scale, but the company's business network management disparity, uneven development, the layout of a reasonable need for further promotion, the company needs to arrange some of this non-public offering to raise funds for acquisitions, Adjust the layout of sales department to expand and optimize the layout of the network, and further improve the market share of brokerage business.
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