CMS completed refinancing of RMB11 billion, jumping to the third place of the industry in terms of net asset scale

China Merchants Securities (2014-06-02 16:46) [Full Text]

On May 29, CMS completed its non-public offering of 1.147 billion new shares, raising a fund of RMB11.149 billion. In this non-public offering, the company overcame the adverse impacts such as continuous downturn of the stock market and small difference between the base price and the market price and successfully completed the offering. After the capital increase, the net asset scale of the company jumped to the third place in the industry, which lays a solid foundation for the company to achieve the strategic objective of "comprehensively enhancing the core competence and building the best investment bank in China".

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