The fifth IPO queuing broker is coming!
On December 28, according to the information on the official website of China Securities Regulatory Commission, the application for A-share IPO of Bohai Securities Co., Ltd. has been accepted, and the prospectus for initial public offering (application draft) has been disclosed, which is planned to be listed on the main board of Shanghai Stock Exchange. This means that after Dongguan securities, Wanlian securities, Cinda securities and capital securities, another IPO queuing broker will be added.
all the funds raised are used to expand the business scale
Public information shows that Bohai Securities is a comprehensive securities company based in Tianjin and distributed all over the country. The company has complete business qualifications. The classification and evaluation results of securities companies in 2018, 2019, 2020 and 2021 are class B BBB, class a a, class A and class B BBB respectively.
According to the prospectus, Bohai Securities plans to publicly issue no less than 893021610 RMB common shares (A shares), no less than 10% of the total share capital of the company after the issuance. The sponsor (lead underwriter) of the IPO of Bohai Securities is Everbright Securities Company Limited(601788) .
Before this offering, TEDA International was the largest shareholder of Bohai Securities, with a shareholding ratio of 26.96%; Tianjin Teda Co.Ltd(000652) and OCT are the second and third largest shareholders respectively, with shareholding ratios of 13.07% and 9.14% respectively.
The funds raised in this offering will be used to supplement working capital, expand business scale and improve the company's profitability and market competitiveness.
"In order to ensure the effective use of the raised funds and reduce the impact of dilution of the immediate return, the company will continue to consolidate and expand the company's business, strengthen operation management and internal control, improve operation efficiency and sustainable profitability, strengthen the management of the raised funds, and ensure the compliance and effective use of the raised funds." Bohai Securities said in the prospectus.
comprehensive strength is among the top 30%
Public data show that the overall financial situation of Bohai Securities is good, and its operating performance has continued to improve in recent years. In the first half of 2021, Bohai Securities realized an operating revenue of 1397553200 yuan; As of the end of the first half of the year, the total assets were 6329.11252 million yuan. According to the data of China Securities Association, in 2020, the net profit of Bohai Securities was 1105.61 million yuan, ranking 32nd among 102 securities companies; The core net capital is 17818.25 million yuan, ranking 24th among 101 securities companies; The comprehensive strength is in the top 30% of the industry.
Bohai Securities strengthened the introduction of professionals to help the company's development and strategic transformation. According to the announcement of Bohai Securities in September, Xu Kefei has assumed the post of president of Bohai Securities. Before joining Bohai Securities, Xu Kefei was a member of the Party committee and deputy general manager of Cinda securities. He was one of the first sponsor representatives in China and has rich experience in investment banking and comprehensive management. In addition, Bohai Securities has also introduced two vice presidents with experience in leading securities companies and large commercial banks, all of whom are Post-70s. Insiders pointed out that the deep strategic transformation of Bohai Securities and the degree of marketization, specialization and youth are constantly strengthening.
In the selection of China Securities Taurus award sponsored by China Securities Journal, Bohai Securities won many honors, such as "Taurus award · growth securities company" in 2019 and 2020, "Taurus award · Securities Company Social Responsibility Award" in 2019, "Taurus award · securities company Green Finance Award" in 2020, and "Taurus award · Securities Company Social Responsibility Award" in 2021.
(China Securities Journal)
