Fangda Special Steel Technology Co. (600507.SH) announced on late Thursday that it will bid for a 66.67-percent stake in Haiji Securities for 406 million yuan.
The Shanghai-listed company said that based on good expectations for China's capital market in the future, the huge potential in the securities industry, and also the growth potential of the Haiji Securities, it made the decision to buy the stakes, which can optimize its asset structure, cultivate new growth profit, and bring about good returns to it and its shareholders.
The following table shows performance of the Haiji Securities.
|
Haiji Securities |
Time |
Operating revenue (Yuan) |
Net profit (Yuan) |
|
2013 |
18.42 million |
- 45.87 million |
|
|
2014 |
111 million |
24.69 million |
|
|
By Aug. 31, 2015 |
17.33 million |
- 13.41 million |
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