On April 17, Orient Securities Company Limited(600958) issued an announcement on the issuance of A-share allotment, saying that the A-share allotment was based on the issuer’s total A-share capital of about 5.967 billion shares after the closing of the Shanghai Stock Exchange on April 20, 2022 (t day), and was distributed to all shareholders according to the proportion of 2.8 shares per 10 shares. The total number of shares available for allotment was about 1.671 billion, all of which were tradable shares with unlimited conditions; This A-share allotment adopts online pricing issuance, and the issuance price is 8.46 yuan / share.
Moreover, Orient Securities Company Limited(600958) the largest shareholder Shenneng (Group) Co., Ltd. has promised to fully subscribe for the allotted shares determined according to the company’s allotment plan in cash according to the number of shares held by the company after the closing of the market on the registration date of this allotment.
Orient Securities Company Limited(600958) the total amount of funds raised in this allotment shall not exceed 16.8 billion yuan, of which the total amount of funds raised in A-share allotment shall not exceed 14.333 billion yuan and H-share allotment shall not exceed 2.467 billion yuan. After deducting the issuance expenses, it is proposed to increase the company’s capital, supplement working capital, optimize the asset liability structure, serve the real economy, and comprehensively improve the company’s market competitiveness and anti risk ability.
According to the relevant provisions of Shanghai Stock Exchange, the payment period of this A-share allotment and the online clearing date, i.e. from April 21, 2022 (T + 1) to April 28, 2022 (T + 6), the trading of Orient Securities Company Limited(600958) a shares will be stopped.
