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China Merchants Securities announces private placement plan

Friday, 14 Mar 2014 08:00pm EDT 

China Merchants Securities Co Ltd:To issue up to 1,234,567,901 shares at no less than 9.72 yuan per share through private placement, to a Shenzhen-based investment holding company, China Ocean Shipping (Group) Company, Hebei Port Group Co., Ltd. and other entities.To raise up to 12 bln yuan for capital supplement and business operation.