Beijing (SZ:300803) 券商中国·2025-11-04 02:09Core Viewpoint - The company has decided to terminate its plan for a specific stock issuance for 2022 and withdraw the application, citing various internal and external factors as well as strategic goals [1]. Group 1: Termination of Stock Issuance - The company announced the termination of its stock issuance plan and the withdrawal of the application, which was initially aimed at raising up to 3 billion yuan for the capital increase of Maigao Securities [1]. - The decision was made after careful consideration of the company's internal and external environment and strategic objectives, with thorough communication among relevant parties [1]. Group 2: Purpose of Fundraising - The fundraising was intended to help Maigao Securities overcome historical operational difficulties and strengthen its capital base, which is crucial for risk management [1]. - The company aims to transform Maigao Securities into a well-known financial service provider driven by financial technology and characterized by wealth management [1]. Group 3: Business Integration and Future Prospects - The integration of Maigao Securities is expected to enhance the company's business layout and core competitiveness, with the securities business becoming a vital part of the company's operations [2]. - The latest fundraising plan indicated a target of up to 2.9 billion yuan, with specific allocations for wealth management, margin financing, investment banking, and technology development [2]. - Maigao Securities, previously known as Wangxin Securities, has shown positive financial performance, with significant growth in net profit and revenue in 2023 and 2024 [3].