Changjiang Securities (000783.SZ) announced on Friday that it was given the approval from the China Securities Regulatory Commission (CSRC) to raise no more than 12 billion yuan via private placement.
The Shenzhen-listed broker planned to issue a maximum of 787 million shares at no less than 10.91 yuan per share.
The raised proceeds will be used to boost its funds, replenish operating capital and expand business scale.
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