Pacific Securities (601099.SH) announced on Friday that the its application for rights issue to raise up to 4.5 billion yuan was been approved by the China Securities Regulatory Commission (CSRC), the top securities regulator.
According to the company, it plans to issue additional shares to its shareholders in a proportion of 3 shares to 10 existing shares.
The raised funds will be used to replenish its operating capital and expand business scale.



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