Why do investors subscribe to the "break" stock 6 billion?
Source: Internet
Author: User
Southwest Securities (600369) to more than two market prices directed to issue more than 418.7 million shares, raise funds near 6 billion yuan, has become a recent downturn in the market, a High-profile "landscape." Why do investors enthusiastically subscribe to the "break" stock in the southwestern stock market at a price of $14.33 per share? How does Southwest Securities see the IPO successful? In this connection, the securities Times reporter interviewed the southwest Securities Chairman Ongzhenjie. "The confidence that investors have shown in the future of the southwestern stock market makes us feel responsible and stressful." Ongzhenjie told reporters, investors to the company are true gold and silver, optimistic about the long-term investment value of Southwest Securities, Southwest Securities must give them return, in order to live up to the expectations of shareholders. "South-Western securities must use good fund-raising, seize the fleeting capital market investment opportunities and development opportunities, Southwest Securities to create a domestic first-class brokerage." Ongzhenjie said that after the release of the Southwest securities net assets will break 10 billion yuan, each share of net assets reached 4.55 yuan. Capital strength and the ability to fight market risk are greatly enhanced. The new capital will be mainly used to increase investment in existing businesses and expand new business, including increasing investment in business outlets, increasing securities underwriting reserves, increasing the size of securities investment business, increasing research and development investment, increasing investment in infrastructure construction, increasing capital for direct investment companies, carrying out customer asset management business, Holding futures companies and establishing fund management companies and expanding international business. After the application of the fund-raising fund, the structure of the south-western securities business is more reasonable and the profit means is richer. Since the stock price began to fall May 17 this year, the Southwest stock price most of the time less than 14.33 yuan of additional price. Market participants had believed that this may cause the Southwest Securities Directional additional issuance failure, but the directional additional successful completion exceeded the market expectation. Ongzhenjie that investors in the two-tier market to buy shares and subscribe to the south-West securities IPO results are different. The former does not add any cash flow to the company, it is a shift in the form of assets between investors, while the latter allows the company to obtain capital. Investors subscribe to new shares, is the value of the capital operation of the Southwest Securities, optimistic about the fund-raising investment projects, Chongqing's huge development potential and the company's prospects.
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