NSC(SH:601990) Zheng Quan Zhi Xing·2025-06-26 16:29Group 1 - The company, Nanjing Securities Co., Ltd., is planning to issue A-shares to specific investors, including its controlling shareholder, Zijin Group, with a total fundraising amount not exceeding 5 billion yuan [2][4][6] - The issuance has been approved by the company's board and requires further approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][11] - The pricing for the shares will be based on the higher of 80% of the average trading price over the 20 trading days prior to the pricing date or the latest audited net asset value per share [2][3] Group 2 - Zijin Group will not participate in the market pricing process but will subscribe at the market price determined through the bidding process [4] - The shares subscribed by Zijin Group will be locked for 60 months, while other major shareholders will have a lock-up period of 36 months [5] - The total amount raised will be used to enhance the company's capital base and support various business areas, including wealth management and asset management [6][8] Group 3 - The company maintains its current control structure, with Zijin Group remaining the controlling shareholder after the issuance [6][8] - The company has established a profit distribution policy to ensure stable returns to shareholders over the next three years [7][8] - The company’s main business includes securities brokerage, investment banking, and asset management, which are closely tied to the performance of the capital markets [10]