The time publication plans to spend 50 million shares of Huaan Securities

NetEase Financial October 19 News Times published evening announcement, in order to cultivate new profit growth point, the company is to be let Huamao holdings of Huaan Securities 20 million shares, the price of RMB 2.5 yuan/shares, the company's own capital of 50 million yuan capital.　　Huaan Securities is established in 2001, the comprehensive securities companies, registered capital of 2.405 billion yuan, 2009 to achieve the main business income of 1.544 billion yuan, net profit of 865 million yuan, the main business includes securities brokerage business, securities investment consulting business, fixed income business and securities asset management business.　　Huaan Securities Holdings of the subsidiary of 3, the name and proportion of the share of the shares of Wah Fu Fund Management Co., Ltd. 49%, Huaan Futures Limited liability company 75%, Huaan Emerging Securities Investment Advisory Limited liability company 100%. The company said that the proposed to let Huaan securities equity issues still need the relevant state-owned Assets supervision and management departments and the securities regulatory authorities approved, there is a certain uncertainty.