| Mar. 23, 2007 (China Knowledge) – Everbright Securities plans to raise RMB 1.24 billion by selling new shares to 11 strategic investors, according to its second-largest shareholder, the Hong Kong-listed financial group China Everbright <165>. The Shanghai-based Everbright Securities plans to sell 453 million new shares at RMB 2.75 each. Part of the proceeds will be used to increase its registered capital to RMB 2.89 billion from RMB 2.44 billion, said the company yesterday. Meanwhile, its sister company, China Everbright International <257>, said that last year''''s underlying profit more than doubled to HK$135 million due to strong growth of its environmental protection business. Copyright © 2007 http://www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: http://www.chinaknowledge.com To access our page on Bloomberg, type CKFI <GO> |