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Huatai Securities prices London listing at $20.50 per GDR


Friday, 14 Jun 2019 05:00am EDT 

June 14 (Reuters) - Huatai Securities Co Ltd <601688.SS>::TODAY ANNOUNCES SUCCESSFUL PRICING FOR ITS OFFERING OF GDRS REPRESENTING ITS A SHARES ( "OFFERING") AT USD20.50 PER GDR.WE LOOK FORWARD TO BENEFITING FROM BEING FIRST COMPANY TO TRADE ON SHANGHAI-LONDON STOCK CONNECT SEGMENT OF LSE.OFFERING COMPRISES 75,013,636 GDRS EQUATING TO AN OFFER SIZE OF USD1,538 MILLION AND REPRESENTING 9.1% OF COMPANY'S OUTSTANDING SHARE CAPITAL..CONDITIONAL DEALINGS IN GDRS ON LONDON STOCK EXCHANGE ARE EXPECTED TO COMMENCE ON A "WHEN-ISSUED" BASIS ON 17 JUNE 2019.