Zhongtai Securities(SH:600918) 中国基金报·2025-11-26 04:45Core Viewpoint - Zhongtai Securities has successfully completed a private placement of 6 billion yuan, significantly enhancing its capital strength, with major investments from its controlling shareholder and various institutional investors [2]. Summary by Sections Private Placement Details - The private placement involved issuing approximately 996.68 million shares at a price of 6.02 yuan per share, raising nearly 6 billion yuan [2]. - The controlling shareholder, Zaozhuang Mining Group, subscribed for about 2.165 billion yuan worth of shares, with a lock-up period of 60 months [3]. - Other investors include public funds, private funds, and securities asset management companies, with a lock-up period of 6 months for their shares [2][3]. Fund Utilization - The net proceeds from the fundraising will be used to increase the company's capital, focusing on alternative investment, bond investment, market-making, and wealth management businesses [2][4]. - Specific allocations include up to 1.5 billion yuan for information technology and compliance risk control, up to 1 billion yuan each for alternative investment and market-making, and up to 500 million yuan each for purchasing government bonds and wealth management [4][5]. Financial Impact - As of the third quarter, Zhongtai Securities reported a net asset of 42.335 billion yuan and a net capital of 27.272 billion yuan, indicating that the 6 billion yuan fundraising will significantly enhance these figures [5]. - The private placement is part of a broader trend in the securities industry, with several firms, including Tianfeng Securities and Nanjing Securities, also pursuing similar fundraising efforts this year [5].