Guolian Securities completes $253m share issuance

Guolian Minsheng Securities Co., Ltd. (HKEX:1456) has announced the successful completion of its share issuance to specific subscribers, raising RMB1.99 billion (approximately $253 million USD). The issuance involved 208,550,573 new A shares priced at RMB9.59 per share and closed on March 10, 2025. The funds are earmarked to support the acquisition of assets and increase the capital of Minsheng Securities. Key subscribers included Jiangsu State-Owned Enterprise Mixed Ownership Reform Fund, Nuode Asset Management Co., Ltd., and UBS AG. The share issuance will increase the number of tradable A shares, but Guolian Group and Wuxi SASAC remain the controlling shareholder and actual controller, respectively, of the company, post-issuance. The new shares are subject to a six-month lock-up period before trading on the Shanghai Stock Exchange.