FilingReader Intelligence

Nanjing Securities updates prospectus for targeted A-share issuance

June 27, 2025 at 11:27 AM UTCBy FilingReader AI

Nanjing Securities Co., Ltd. (SSE:601990) has released a preliminary announcement addressing the Shanghai Stock Exchange's (SSE) review inquiry regarding its application to issue A-shares to specific investors. The company has responded to the SSE's queries and updated its prospectus accordingly, with details available on the SSE website. The proposed private placement aims to raise up to CNY 5 billion to bolster capital and support key business areas including investment banking, wealth management, and asset management. The issuance is subject to SSE approval and registration with the China Securities Regulatory Commission (CSRC). A strategic investment of CNY 500 million will come from Nanjing Zijin Investment Group, the current holding company, at the same price as other investors. With a stable management team, a well-defined strategy, the backing from significant shareholders and the anticipated capital from this private placement places Nanjing Securities on course to maintain a robust business strategy to continue offering quality financial services.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601990Shanghai Stock Exchange

News Alerts

Get instant email alerts when Nanjing Securities publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →