Zhongtai Securities plans A-share private placement, offshore debt issuance

Zhongtai Securities Co., Ltd. is undertaking a private placement of A-shares, targeting up to 35 specific investors, including its controlling shareholder, Zaozhuang Mining Group. The issuance aims to raise up to RMB 60 bn, earmarked for increasing capital, optimizing business structure, and enhancing market competitiveness. The proceeds will be allocated across information technology and compliance, alternative investments, market-making, securities purchases, wealth management, and debt repayment.

Separately, Zhongtai Securities International Financial Limited (BVI), a wholly-owned subsidiary, issued $100m in subordinated perpetual bonds on October 31, 2025. This issuance is guaranteed by Zhongtai Securities International Company Limited, a wholly-owned subsidiary of Zhongtai Securities, bringing its total guarantees for this entity to $300m.

The private placement is subject to approval from the China Securities Regulatory Commission, following its recent review by the Shanghai Stock Exchange. The offshore debt issuance and guarantee were approved by Zhongtai Securities' board and shareholders in late 2024. These strategic moves are designed to strengthen the company’s financial position and support its diverse business operations.