Nanhua Futures Proposes to Raise Subsidiary's Capital by 150 Million Yuan
Nanhua Futures (SHA:603093) proposed to increase the capital of its subsidiary, Zhejiang Nanhua Capital Management, by 150 million yuan, according to a Shanghai bourse filing on Wednesday.After the completion of the transaction, Nanhua Capital Management's registered capital will rise to 750 million yuan from 600 million yuan.The Chinese futures brokerage's shares slipped 1% during the afternoon trade.