NANHUA FUTURES (02691) Allocates Raised Capital to Increase Investment in Wholly-Owned Subsidiary

Stock News
Feb 09

NANHUA FUTURES (02691) announced that its Fifth Board of Directors' fifth meeting, held on February 9, 2026, approved a proposal to increase capital investment in its overseas wholly-owned subsidiary. The resolution passed with 9 votes in favor, 0 against, and 0 abstentions. The investment amount is HKD 1.203 billion (RMB 1.072 billion, converted using the RMB central parity rate of HKD 1 = RMB 0.89080 published by the People's Bank of China on February 6, 2026). The company will use funds raised from financing to increase capital in its wholly-owned subsidiary, Heng Hua International. This move aims to strengthen the capital base of overseas affiliates in Hong Kong China, the UK, the US, and Singapore, to further expand the company's international operations, optimize its overseas business structure, and enhance its competitiveness and risk management capabilities in the global market. This capital increase does not alter the intended use of the raised funds, does not conflict with the implementation plan of the funded projects, and does not constitute any disguised change in the use of proceeds or harm to shareholders' interests.

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