SCS(SH:601555) Sou Hu Cai Jing·2025-07-21 03:54Group 1 - Dongwu Securities announced a plan to issue A-shares to no more than 35 specific investors, with a total issuance of up to 1.491 billion shares and a fundraising target of no more than 6 billion yuan [1] - The main investors include the controlling shareholder Suzhou International Development Group and its concerted party Suzhou Yingcai Investment Group, with subscriptions of 1.5 billion yuan and 500 million yuan respectively [1] - The company plans to implement the issuance after obtaining approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1] Group 2 - The brokerage refinancing market has shown signs of recovery this year, with several firms like Tianfeng Securities, Nanjing Securities, and Zhongtai Securities making progress in their fundraising efforts [3] - These refinancing activities are characterized by the inclusion of controlling shareholders as investors and a focus on funding for "real economy" related business sectors [3] - Regulatory scrutiny remains, emphasizing the necessity of financing, efficiency of fund usage, and risk control, indicating a shift towards a more rational review process [3] Group 3 - The funds raised by Dongwu Securities will be used to increase the company's capital, with specific allocations including up to 1.5 billion yuan for subsidiary capital increase, 1.2 billion yuan for IT and compliance risk control, and 1 billion yuan for debt repayment and working capital [4] - The issuance price will be no less than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing date or the latest audited net asset value per share [4] - Previous refinancing efforts by Dongwu Securities have seen strong support from state-owned shareholders, with subscription ratios exceeding 50% in past rounds [4]