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GF Securities Co ( (HK:1776) ) has shared an update.
GF Securities Co., Ltd. has completed an H-share placement in Hong Kong, increasing its total share capital to 7,824,845,511 ordinary shares, comprising 5,904,049,311 A shares and 1,920,796,200 H shares. The move boosts its registered capital from RMB7,605,845,511 to RMB7,824,845,511, underscoring the company’s strategy of leveraging offshore funding channels to strengthen its capital base.
Following the placement, the company has finalized the industrial and commercial registration procedures in Guangdong and obtained an updated business license, formalizing the higher registered capital. GF Securities has also amended its Articles of Association to reflect the new share capital and structure, signalling a completed execution of the board’s general mandate and providing greater clarity for shareholders on the company’s expanded equity base.
The most recent analyst rating on (HK:1776) stock is a Buy with a HK$21.54 price target. To see the full list of analyst forecasts on GF Securities Co stock, see the HK:1776 Stock Forecast page.
More about GF Securities Co
GF Securities Co., Ltd. is a Chinese joint stock company operating in the securities industry, offering brokerage, investment banking, and related financial services through both domestic A shares and overseas listed H shares. Listed in Hong Kong, the firm taps international capital markets to support its growth and broaden its investor base, reflecting its focus on both mainland and global investors.
Average Trading Volume: 12,864,425
Current Market Cap: HK$176.8B
Find detailed analytics on 1776 stock on TipRanks’ Stock Analysis page.