Guoyuan securities successfully allotted shares, shareholder cooperation leads to merger scandal

category:Finance
 Guoyuan securities successfully allotted shares, shareholder cooperation leads to merger scandal


98.88% of share allotment subscription

As of October 20, the online subscription payment of Guoyuan securities has ended. Based on the total capital stock of 3.365 billion shares after the market closed on October 13, the total number of shares available for allotment of Guoyuan securities is 1.010 billion shares, and the issue price is 5.44 yuan / share.

According to the data of Shenzhen Stock Exchange, the number of shares effectively subscribed for this time was 998 million shares, and the total amount of effective subscription was 5.431 billion yuan. The proportion of the actual subscription shares in the total number of shares available for allotment reached 98.88%, more than 70%, indicating the successful issuance of Guoyuan securities. According to this data, the actual share allotment ratio is equivalent to 2.96 shares per 10 shares.

At the same time, Guoyuan financial holding, the controlling shareholder of Guoyuan securities, also fulfilled its commitment to subscribe in full, with a total of 216 million shares, accounting for 21.43% of the total number of shares available for allotment. In terms of ex rights, October 22 is the benchmark date for the successful issuance of Guoyuan securities. The actual allotment ratio is equivalent to 2.966413 shares per 10 shares.

Before that, on October 9, Guoyuan securities stock price unexpected harvest limit. At that time, the market view was that, in addition to the general market situation of securities dealers on that day, the drop limit of Guoyuan securities may be related to the higher cumulative increase of stock price in the earlier period, and the lower share price of allotment shares than the share price of main shares, which to a large extent suppressed the valuation of the secondary market.

In terms of performance, Guoyuan securities disclosed the performance forecast for the first three quarters on October 10, which showed that the net profit attributable to shareholders of the listed company was 1.05 billion yuan to 1.12 billion yuan, an increase of 50.06% - 60.06% over the same period of last year, and the basic earnings per share reached 0.31-0.33 yuan / share. In terms of quarter, the performance of Guoyuan securities in the third quarter was eye-catching, with a net profit of 432 million yuan to 502 million yuan in a single quarter, with a year-on-year increase of 61.86% - 88.07%.

The price of Guoyuan securities is 5.44 yuan / share. Compared with the stock price of 9.36 yuan / share at the close of the trading day before the suspension of allotment, the discount of about 70% will make the original shareholders who do not participate in the allotment produce considerable ex right loss.

The issue price of Guoyuan securities this time, combined with the stock price situation in the secondary market, fully considered the interests of shareholders. Hu Jia, the Secretary of Guoyuan securities, responded to investors questions on December 12, saying that, compared with convertible bonds, allotment of shares can supplement the companys net capital faster, which is conducive to optimizing its own business structure, improving the companys comprehensive competitiveness, providing better returns for shareholders, and in line with the overall interests of the company and shareholders.

Shareholder cooperation leads to merger scandal

In addition to the recent issue of allotment, Guoyuan securities again made a merger and acquisition scandal with Huaan securities in Anhui Province. The fuse is that the major shareholders of the two securities companies signed a strategic cooperation agreement.

On the morning of October 16, Guoyuan financial holding and Anhui guokong signed a strategic cooperation agreement. The two sides agreed to cooperate in investment, financing and asset management. China yuan financial holding is the controlling shareholder of Guoyuan securities, while Anhui guokong is the major shareholder of Huaan securities.

Guoyuan Financial Holding Co., Ltd. and Anhui guokong Holding Co., Ltd. are key backbone enterprises under the provincial government, with profound origins, complementary advantages and strong alliance. Li Zhong, Secretary of the Party committee of the state owned assets supervision and Administration Commission of Anhui Province, expressed the hope that Guoyuan financial holding company and Anhui state owned assets holding company can make full use of their own and unique advantages in the industry, actively recommend various high-quality projects, carry out systematic cooperation in investment, financing, capital intermediary, wealth management, asset management and operation, and property rights transaction, and jointly establish a market risk early warning, prevention and disposal mechanism.

It is worth noting that at the signing ceremony on the same day, Anhui Architectural Design Institute and anzhen group, affiliated to Anhui guokong group, also signed strategic cooperation agreements with Guoyuan securities, Guoyuan trust and Guoyuan capital under Guoyuan financial holding. Securities Times reporter learned that the specific cooperation includes Guoyuan securities investment bank will participate in the underwriting of projects of Anhui guokong subsidiary company. Even more sharp sighted people found a bright spot - the name of Zhang Guoyuan, the chairman of Anhui guokong group, happened to have the word Guoyuan in his name. For a while, good netizens have yelled, hoping that Guoyuan and Huaan can merge locally. However, some people close to the two securities companies told the securities times that although the two securities companies are geographically close, have deep origins and have relatively complementary business advantages, considering the license value of listed securities companies and their respective strategic development plans, it seems that the merger is not very likely at present. Source: Securities Times editor in charge: Yang Bin_ NF4368

It is worth noting that at the signing ceremony on the same day, Anhui Architectural Design Institute and anzhen group, affiliated to Anhui guokong group, also signed strategic cooperation agreements with Guoyuan securities, Guoyuan trust and Guoyuan capital under Guoyuan financial holding. Securities Times reporter learned that the specific cooperation includes Guoyuan securities investment bank will participate in the underwriting of projects of Anhui guokong subsidiary company.

Even more sharp sighted people found a bright spot - the name of Zhang Guoyuan, the chairman of Anhui guokong group, happened to have the word Guoyuan in his name. For a while, good netizens have yelled, hoping that Guoyuan and Huaan can merge locally.

However, some people close to the two securities companies told the securities times that although the two securities companies are geographically close, have deep origins and have relatively complementary business advantages, considering the license value of listed securities companies and their respective strategic development plans, it seems that the merger is not very likely at present.