Financial Associated Press (Shanghai, reporter Lu Dan) news, due to the intention to acquire new era securities, Dongxing Securities, which has attracted much attention from the industry, has added a hot spot. On the evening of October 25, Dongxing Securities landed, and the actual non-public issuance of A-share shares was 474 million shares, with an issue price of RMB 9.47 per share, and the total amount of funds raised was RMB4.493 billion.
From the perspective of the actual fundraising scale, the actual fundraising scale of Dongxing Securities is 4.493 billion yuan, and the proportion of fundraising is 64% of the planned fundraising ceiling of 7 billion yuan in the previous increase plan.
Judging from the allocated investor lineup, Dongxing Securities attracted a total of 14 participants from 4 securities companies, 3 funds, 1 insurance and other investment and individual investors.
Specifically, looking at the strength of peers, China Galaxy, CITIC Securities, Shenwan Hongyuan and Everbright Securities have accumulated 1.31 shares and an allocation amount of 1.238 billion yuan, accounting for 27.55% of the total issuance.
It is worth mentioning that galaxy securities has a allocation ratio of 13.44%, which is the institution with the largest number of allocations among the four securities companies, and has also successfully bought the fifth largest shareholder of Dongxing Securities. After the end of this offering, Galaxy Securities and CITIC Securities ranked among the top 10 shareholders of Dongxing Securities, of which Galaxy Securities ranked as the fifth largest shareholder, holding 0.64 billion shares, with a shareholding ratio of 1.97%, and CITIC Securities holding 0.24 billion shares, with a shareholding ratio of 0.73%, ranking the 10th largest shareholder.
Dongxing Securities said that after the completion of the offering, the company's total assets and net assets have increased by a certain extent, and the asset-liability ratio and financial risks will be reduced. This offering will enhance the company's ability to resist risks, expand the growth space of the company's asset scale, optimize the company's asset-liability structure, and lay a solid foundation for the company's further development.
The squad is strong
According to the announcement, there were a total of 14 non-public offerings, including 4 securities companies of China Galaxy Securities, CITIC Securities, Shenwan Hongyuan Securities and Everbright Securities; 3 fund companies of Caitong Fund, Huaxia Fund and Nord Fund; 1 insurance institution of Guoren Property & Casualty Insurance Co., Ltd.; 2 other investors of Jiangsu Railway Group Co., Ltd. and Sanming Caixin Investment Co., Ltd.; and 4 individual investors of Wang Xianfeng, Lin Xiaomin, Chen Chunjiu and Hua Yiwei.
Among them, Jiangsu Railway Group Co., Ltd. has the highest number of allotments, with 159 million shares allotted and 1.507 billion yuan, accounting for 33.54% of the total issuance. After the end of the offering, it was directly ranked as the second largest shareholder of Dongxing Securities.
China Galaxy, CITIC Securities, Shenwan Hongyuan and Everbright Securities have received a total of 1.31 shares and an allocation amount of 1.238 billion yuan, accounting for 27.55% of the total number of issuances. Among them, China Galaxy has the highest proportion of allocations, accounting for 13.44% of the total issuance.
Among the fund companies, Caitong Fund received the highest number of shares allotment, with 68.69 million shares, NORD Fund received 17.63 million shares, and Huaxia Fund received 11.19 million shares.
It is worth mentioning that in the fixed increase of Guolian Securities that landed on October 18, Galaxy Securities, Everbright Securities, Caitong Fund and Nord Fund also appeared, among which Caitong Fund is the institution with the highest subscription amount among fund companies, and Galaxy Securities is the company with the highest subscription scale among securities companies.
The controlling shareholder did not participate in the fixed increase, and the equity was diluted by more than 5%
According to the Indicative Announcement of Dongxing Securities Co., Ltd. on changes in shareholders' equity, Orient Asset Management Co., Ltd. (hereinafter referred to as "China Orient"), the controlling shareholder of Dongxing Securities, and its co-actor Beijing Dongfu Guochuang Investment Management Center (Limited Partnership) (hereinafter referred to as "Dongfu Guochuang") passively reduced their shareholding ratio by more than 5% due to their non-public issuance of A-share shares by the Company due to their failure to participate in the fixed increase.
On October 22, the new shares of Dongxing Securities completed the share registration procedures at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., and the total share capital of the company increased from 2.758 billion shares to 3.232 billion shares, and the number of shares of the company held by China Orient and its co-actor Dongfu Guochuang remained unchanged, and the shareholding ratio was passively diluted, from 52.91% to 45.14%.
Galaxy and CITIC rank among the top ten shareholders
Compared with the changes in the top 10 shareholders of Dongxing Securities before and after the issuance, Jiangsu Railway Group Co., Ltd. ranked the second largest shareholder of Dongxing Securities after the end of the issuance. Galaxy Securities is the fifth largest shareholder, and CITIC Securities is also the tenth largest shareholder.
Caitong Fund, which received a ratio of up to 14.48% in this offering, became the seventh largest shareholder of Dongxing Securities through the "Caitong Fund - Huatai Securities Co., Ltd. - Caitong Fund Junxiang Yongxi Single Asset Management Plan".
As of yesterday's close, Dongxing Securities closed at 11.63 yuan / share, a floating profit of 23% over the fixed increase price.
The fundraising is mainly invested in self-operated, two-finance and subsidiary companies
Regarding the use of this fixed increase, Dongxing Securities introduced that the funds raised from this non-public offering will be used to expand the scale of investment transaction business, expand the scale of financing and margin business, increase investment in subsidiaries and other working capital arrangements after deducting relevant issuance fees, and the use of the raised funds is in line with the relevant national industrial policies and the company's future development strategy. This non-public offering will not lead to a change in the direction of the company's main business and will not adversely affect the company's main business scope and business structure.
Since Dongxing Securities has not yet disclosed the third quarterly report, its performance in the first half of this year is not ideal, and the net profit attributable to the mother has declined year-on-year. In the first half of the year, Dongxing Securities achieved revenue of 2.579 billion yuan, an increase of 2.14% year-on-year; net profit attributable to the mother was 730 million yuan, down 7.06% year-on-year.
Dongxing Securities said in its semi-annual report that as the only listed financial platform under China Orient, the company takes "big investment bank, big asset management, big wealth" as the basic strategy, and is committed to developing into a domestic large and medium-sized comprehensive securities company with core competitiveness and advanced corporate culture, which meets the requirements of the modern enterprise system, and has a strong brand influence in the industry and society.
Some non-bank analysts believe that from the perspective of the actual fundraising scale, it will help enhance the capital strength of Dongxing Securities and expand the scale of business, and according to the previous company's fundraising investment allocation, the self-operated business will receive greater support.