GF Securities: Plans to increase capital contribution to GF Holdings (Hong Kong) by no more than HK$6.101 billion

The Beijing News Shell Finance reported that on March 12, GF Securities announced that GF Holdings (Hong Kong) Limited, a wholly-owned subsidiary of GF Securities established in Hong Kong in June 2006, currently has a paid-in capital of HKD 10.337 billion. According to the company’s business development needs and the actual situation of GF Hong Kong, the company plans to increase its capital in GF Hong Kong by no more than HKD 6.101 billion. The funding sources will include proceeds from the company’s general authorized placement of new H-shares, issuance of H-share convertible bonds, and its own funds.

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