Source: China Economic Net
China Economic Net Beijing November 16th Today, CITIC Securities (600030.SH) stock price opened low and closed low, reaching 24.01 yuan, a decrease of 4.80%, with a turnover of 5.566 billion yuan, a turnover rate of 2.32%, an amplitude of 4.76%, and a total market value of 291.259 billion yuan.
Last night, CITIC Securities issued an announcement stating that the company's A-share share allocation application was approved by the China Securities Regulatory Commission's Issuance Review Committee.
It is understood that CITIC Securities passed the share allotment plan at the 20th meeting of the company's seventh board of directors on February 26, 2021, and announced on July 22 that the share allotment application was accepted by the China Securities Regulatory Commission.
htmlOn August 17, the share allotment plan (revised draft) released by CITIC Securities shows that this time, it will be allocated to all A+H shareholders at a ratio of 1.5 shares per 10 shares. If calculated based on the company's total share capital of 12.927 billion shares as the base, the total number of shares allocated this time is 1.939 billion shares, of which 1.597 billion shares are allocated and 342 million shares are allocated.The total amount of funds raised by CITIC Securities this share allotment will not exceed RMB 28 billion. The net amount of funds raised after deducting issuance fees is intended to be used to develop capital intermediary business, increase investment in subsidiaries, strengthen information system construction and supplement other working capital.

CITIC Securities stated that before the implementation of this share allotment, if the company's total share capital changes due to the company's bonus shares, capital reserve fund conversion and other reasons, the number of allotment shares will be adjusted accordingly according to the changed total share capital. In addition, the net amount of funds raised this time is lower than the amount of funds raised above-mentioned funds to be invested in, and the insufficient part will be solved by the company's own fundraising.