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CITIC Securities to issue 640 mln new H shares to NSSF

BEIJING
2015-06-09 09:44

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CITIC Securities (600030.SH) announced on Tuesday that it would issue 640 million new H shares to the National Social Security Fund (NSSF) via a private placement. The new H shares to be issued will represent 5.81 percent of the broker's stock capital and 54.31 percent of its total H share capital as of June 8. The NSSF has promised to accept a 36-month lock-up period for the H shares.

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