(Bloomberg) -- Citic Securities Co., the most
profitable brokerage in China, plans to sell 350 million new
shares, worth about $2.5 billion at yesterday's closing price, to
finance expansion.
The company didn't say at what price the shares would be
sold in its statement to the Shanghai Stock Exchange today. Based
on the stock's closing price yesterday, the offer would be worth
18.9 billion yuan ($2.5 billion).
Read more at Bloomberg Emerging Markets News
profitable brokerage in China, plans to sell 350 million new
shares, worth about $2.5 billion at yesterday's closing price, to
finance expansion.
The company didn't say at what price the shares would be
sold in its statement to the Shanghai Stock Exchange today. Based
on the stock's closing price yesterday, the offer would be worth
18.9 billion yuan ($2.5 billion).
Read more at Bloomberg Emerging Markets News
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