Founder Securities (Hong Kong) Financial Holdings Limited announced a private placement of common shares with existing investor Founder Securities Co., Ltd. (SHSE:601901) for gross proceeds of HKD 600,000,000 on June 15, 2018. The investor will continue to retain its 100% stake in the company. The registered capital will increase from HKD 500,000,000 to HKD 1,100,000,000 upon closing. The transaction was approved by the investor in the 16th meeting of its 3rd directorate. The company reported total assets of CNY 810,170,439.46 (HKD 972,169,000), net assets of CNY 359,709,939.61 (HKD 431,636,000), operating revenue of CNY 49,764,183.84 (HKD 59,714,900), and net loss of CNY 16,008,338.38 (HKD 19,209,300) for the year ended December 31, 2017.