New Hua Du Supercenter Co.,Ltd. announced that it expects to receive CNY 714.9622 million in funding from Caitong Fund Management Co., Ltd., CCB Principal Asset Management Co., Ltd., China Security Co., Ltd., Nuode Asset Management Co., Ltd., SDIC Capital Co.,Ltd, Xiamen Borui Oriental Investment Management Co., Ltd.
March 25, 2021
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New Hua Du Supercenter Co.,Ltd. announced a private placement of not more than 205,369,164 A shares for gross proceeds of not more than CNY 714,962,200 on March 26, 2021. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.
The shares to be issued cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 7th (Extraordinary) Meeting of the Company's 5th Directorate held on March 26, 2021, and is subject to the approvals of the Shareholders and the China Securities Regulatory Commission.
SDIC Capital Co., Ltd, formerly SDIC Essence (Holdings) Co., Ltd, is a China-based company principally engaged in the securities business. The Company operates through five segments. The Brokerage segment manily includes brokerage business of securities and futures and the agent sales of financial products. Entrusted Asset Management segment mainly includes the pooled asset management, directional asset management and specific asset management. Proprietary Business segment mainly invests the Company's funds in equity securities, fixed income securities and derivatives and is involved in the market making business in the new over-the-counter (OTC) market. Investment Banking segment includes stock financing, bond financing, mergers and acquisitions and financial advisory services. Margin Trading segment includes margin trading, stock pledged repo and agreed-to-repurchase securities.
New Hua Du Supercenter Co.,Ltd. announced that it expects to receive CNY 714.9622 million in funding from Caitong Fund Management Co., Ltd., CCB Principal Asset Management Co., Ltd., China Security Co., Ltd., Nuode Asset Management Co., Ltd., SDIC Capital Co.,Ltd, Xiamen Borui Oriental Investment Management Co., Ltd.