SHA:601198

4 stories mentioning SHA:601198Updated 31d ago

Every FINWIRES story that references SHA:601198, newest first.

Fitch Maintains Dongxing Securities' Long-Term Issuer Default Rating on Positive Watch

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.

HKG:3908SHA:601059SHA:601198SHA:601995

Asia45d ago

CICC's Dongxing, Cinda Share-Swap Mergers Accepted for Bourse Review

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.

HKG:3908SHA:601059SHA:601198SHA:601995

Asia50d ago

Dongxing Securities Issues Short-Term Bonds Worth 2 Billion Yuan

Dongxing Securities (SHA:601198) issued the third tranche of short-term financing bills for the year, which amounted to 2 billion yuan, according to a Shanghai bourse filing on Thursday.The bonds have a coupon rate of 1.45% and a term of 260 days, maturing Feb. 24, 2027.The securities brokerage's shares fell 2% during the afternoon trade.

SHA:601198

Asia91d ago

Dongxing Securities' Attributable Profit Slides 7% in Q1

Dongxing Securities' (SHA:601198) attributable profit fell 7% to 353.2 million yuan in the first quarter from 379.8 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the securities brokerage decreased 12% to 0.104 yuan from 0.118 yuan in the prior-year period.Operating revenue declined 12% year over year to 913 million yuan from 1.03 billion yuan, after adjustments.

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