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Southwest Securities Co Ltd completes private placement

Tuesday, 25 Feb 2014 07:00pm EST 

Southwest Securities Co Ltd:Completed the private placement to issue 500,000,000 A shares at 8.62 yuan per share, to four Chongqing-based companies.Raised 4,310,000,000 yuan in total through the private placement.Says its top shareholder is holding 33.29 pct stake (939,536,796 shares) in the company down from 40.45 pct stake (939,536,796 shares).Says a Chongqing-based urban construction and investment company is holding 8.92 pct stake (251,785,800 shares) up from 4.38 pct (101,785,800 shares).Says a Chongqing-based investment group company is holding 8.86 pct (250,000,000 shares) up from 4.31 pct (100,000,000 shares).Says a Chongqing-based expressway company is holding 7.09 pct (200,000,000 shares) up from 2.15 pct (50,000,000 shares).