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Soochow Securities Co Ltd (601555.SS)

601555.SS on Shanghai Stock Exchange

8.36CNY
14 Feb 2018
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Wed, Feb 7 2018

BRIEF-Soochow Securities' New Borrowings Exceeded 20 Pct Of Company's Net Assets End-2017

* SAYS NEW BORROWINGS TOTALLING 4.5 BILLION YUAN ($718.95 million) AS OF JAN 31, EXCEEDS 20 PERCENT OF NET ASSETS END-2017

BRIEF-Soochow Securities issues 2018 first tranche corporate bonds worth 4.5 bln yuan

* Says it issued 2018 first tranche private placement corporate bonds worth 4.5 billion yuan with coupon rate of 5.7 percent

BRIEF-Soochow Securities' 9-month net profit down 35.4 pct y/y

* Says 9-month net profit down 35.4 percent y/y at 807.3 million yuan ($121.54 million)

BRIEF-Soochow Securities' Sept net profit at 138.1 mln yuan

* Says Sept net profit at 138.1 million yuan ($20.98 million)

BRIEF-Soochow Securities adopts new accounting policy

* Says it adopted new accounting policy disclosed by the Ministry of Finance on May 10, regarding subsidy

BRIEF-Soochow Securities to acquire stake in Suzhou-based life insurance firm for 220.9 mln yuan

* Says it will acquire 199 million shares of Suzhou-based life insurance firm for 220.9 million yuan and raise voting power in the life insurance firm to 5 percent

REFILE-BRIEF-Soochow Securities' H1 net profit down 30.5 pct, plans share placement

* Says it aims to raise up to 6.5 billion yuan ($985.74 million) via share placement for business expansion

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