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Founder Securities Completes 50-Million-Yuan Capital Increase of Hong Kong Subsidiary
Founder Securities (601901.SH): Completed the capital increase for its wholly-owned subsidiary Founder Hong Kong Financial Holdings.
Gelonghui, December 12丨方正证券 (601901.SH) announced that, based on the actual situation of the company and 方正香港金控, the company's executive committee has decided to increase the capital of 方正香港金控 by 50 million yuan. The company has recently completed the payment of this capital increase, and the registered capital of 方正香港金控 has been changed to 1,099,667,815 Hong Kong dollars, concluding the implementation of this capital increase.
Fangzheng Securities (601901.SH): CHINA CINDA has cumulatively reduced its shareholding by 21.95 million shares in the company.
Gelonghui, December 9 - Founder Securities (601901.SH) announced that as of December 8, 2024, the implementation period of this shareholding reduction plan has expired, and china cinda has cumulatively reduced its holdings in the company by 21.95 million shares, accounting for 0.27% of the company's total share capital.
Fangzheng Securities: Maintains alibaba-SW 'Recommended' rating with a target price of 118 Hong Kong dollars.
CSC Financial released a research report stating that it maintains a 'buy' rating on alibaba-SW (09988), with an expected revenue of 1004.3/1099.8/1195.3 billion yuan for the fiscal years 2025/2026/2027 respectively, and adjusted net income attributable to the parent company of 153.9/166.8/181.4 billion yuan. The target price is 118 Hong Kong dollars per share, maintaining the overall assessment of the company. Alibaba achieved revenue of 236.5 billion yuan in 24Q3, +5.2% year-on-year, slightly below the institutions' consensus forecast of 239.4 billion yuan. Adjusted EBITA was 40.6 billion yuan, slightly below the consensus forecast of 40.9 billion yuan, NON-
Founder Securities Gets Chinese Securities Regulator's Nod to Issue 20 Billion Yuan Bonds
Founder Securities (601901.SH): Approved to publicly issue corporate bonds to professional investors.
On November 6, Gelunhui reported that Fangzheng Securities (601901.SH) recently received a reply from the China Securities Regulatory Commission, "Approval of Fangzheng Securities Co., Ltd. to publicly issue corporate bonds to professional investors" (CSRC License [2024] No. 1514). The reply allows the company to publicly issue corporate bonds with a total face value not exceeding 20 billion yuan to professional investors, with a validity period of 24 months from the date of registration approval. The company can issue them in installments during the registration validity period.
There's No Escaping Founder Securities Co., Ltd.'s (SHSE:601901) Muted Earnings
