4 stories mentioning SHA:601059Updated 52m ago
Every FINWIRES story that references SHA:601059, newest first.
Cinda Securities (SHA:601059) posted first-half attributable net profit of 1.10 billion yuan, up 7.2% from 1.02 billion yuan the previous year.Earnings per share were unchanged at 0.30 yuan, according to a filing with the Shanghai bourseOperating revenue climbed 20% year over year to 2.44 billion yuan from 2.04 billion yuan.Shares of the brokerage were down 1% in recent trade.
Fitch Ratings maintained Dongxing Securities' (SHA:601198) long-term issuer default rating of BBB- on rating watch positive following a takeover proposal by China International Capital Corp. (HKG:3908, SHA:601995)The ratings reflect Fitch's expectation of support from Dongxing parent, China Orient Asset Management, as well as the merger being positive for Dongxing's credit profile.A consolidation of state ownership will help enhance Dongxing's operating scale and product capabilities, Fitch said.The debt watcher will resolve the rating watch positive on Dongxing upon regulatory approval.
China International Capital (HKG:3908, SHA:601995) said the Shanghai Stock Exchange accepted its merger agreement to absorb Dongxing Securities (SHA:601198) and Cinda Securities (SHA:601059) for review, according to a Monday filing with the Hong Kong bourse.The firm is acquiring the businesses through a share-for-share exchange.Dongxing and Cinda will be absorbed and deregistered, with all assets, liabilities, and operations transferred to the enlarged group.The proposed share-swap mergers were first announced in November.
Cinda Securities' (SHA:601059) attributable profit rose 121% to 452.3 million yuan in the first quarter from 204.8 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the brokerage doubled to 0.12 yuan from 0.06 yuan in the prior-year period.Operating revenue grew 13% year over year to 1.09 billion yuan from 966.5 million yuan.
