Shanghai Orient Futures Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 500 million on June 27, 2023. The transaction included participation from returning investor Orient Securities Company Limited. The registered capital of the company has increased from CNY 3,800 million to CNY 4,300 million.
The investor will continue to maintain its 100% stake in the company. The transaction has been approved by the executive meeting of the company's president and does not need to be approved by the general meeting of shareholders and relevant government departments.