Joint Stock Company Supplies Shot in the Arm for Everbright

2004/03/15

Four new shareholders will invest 220 million yuan (US$26.6 million) in its mainland brokerage, China Everbright announced on March 1, 2004.

The financial services provider said in a statement it plans to restructure the capital of Everbright Securities into a joint-stock company Everbright Securities Joint Stock and enlarge its share capital.

Sichuan Topu Technology Development, Henan Yuan Heng Property, Dongguan Luen Jin Industrial Investment and Nanjing Yin Din Investment Development will invest a total 220 million yuan in the firm.

The proposed restructuring awaits approval by regulators.



	Article featured in Business Beijing, March 2004 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)