Everbright Securities
 | |
| State-owned enterprise | |
| Industry | Securities |
| Founded | 1995 |
| Headquarters | Shanghai, People's Republic of China |
Area served | People's Republic of China |
Key people | Chairman: Mr. Tang Shuangning |
| Parent | China Everbright Group |
| Website | Everbright Securities Company Limited |
Everbright Securities Company Limited (SSE: 601788) is one of the largest securities brokerage by assets in China, controlled by state-owned financial conglomerate, China Everbright Group.[1] It was founded in 1996 and is based in Shanghai.[2]
It was listed on the Shanghai Stock Exchange in 2009 with capital raising of $10.96 billion yuan. It was the second IPO by a Chinese brokerage, following Citic Securities in 2002.[3]
On 2 February 2015, Everbright Securities Co Ltd announced its agreement to buy Hong Kong conglomerate Sun Hung Kai & Co Ltd's 70 percent stake in its brokerage and wealth management service unit for HK$4.1 billion ($529 million).[4]
As of their June 2015 quarterly filing, Everbright ranks no. 2 of all Chinese companies for net increase from borrowings, net change in cash, and net cash and cash equivalents ending balance. Net cash and cash equivalents ending balance represented over 131% of Everbright's total market cap at the time.[5]
References
- ↑ Everbright Securities may trigger wave of new IPOs
- ↑ Everbright Securities Co., LTD.
- ↑ Everbright Securities Aims for $1.6 Billion IPO
- ↑ "Deals of the day- Mergers and acquisitions". Reuters. Retrieved 2015-02-02.
- ↑ "Everbright Securities Company Limited Fundamental Rankings". China Stock Facts. 2015.
