CNCAO NEWS June 26th, Beijing time, Zheshang Securities Co.,LTD ( referred to as Zheshang Securities) landed A-shares market in state, and became the No.29 listed brokerage unit of A-shares market. Before then the A-shares was included in the MSCI Index.
The announcement showed that, Zheshang Securities’ IPO issued 333 million shares at this time, and the issue price was 8.45 yuan for each share. The total amount of proceeds were 2.817 billion yuan. All of the IPO proceeds at this time would be used for raising the corporation’s capital, expanding related businesses and achieving the strategic development goals of the company at all stages.
The related officials of Department of Finance in Zhejiang province expressed, Zheshang Securities listed in A-shares have very strong demonstration drive significance, it’s good for promoting the local corporate bodies to become bigger and stronger, promoting the internationalization of Qiantang River Financial Harbor.And it also plays a good traction role in accelerating the listing, merger and reorganization of Zhejiang province to promote the economic transformation and upgrading.
As one of the most developed and prosperous provinces in China, Zhejiang province’s civil capital is more active , and Zhejiang is one of the gathering place of national high-quality small and medium sized enterprises and high net worth population. Zheshang Securities is the first local listed brokerage stocks in Zhejiang.