Western Securities Co., Ltd. open to subscription

Apr.23, 2012

Investors start to subscribe new shares of Western Securities Co., Ltd.(Symbol:002673) today.
The Xi’an company dedicates to Securities Brokerage;Investment Consultation;Security Trading/Investment Related Financial Advisory;Securities Underwriting and Sponsorship;Proprietary Trading;Asset Management;Distribution of Securities Investment Fund Products;Introducing Broker Services for Futures Companies.Its offering price at 8.7 yuan per share,estimated 200 million of common shares.It raises 1.74 billion yuan.As the main underwriter of the deal,China Merchants Securities will will be benefited from the underwritering fees.
Haitong Securities estimates Western Securities’s earnings per share(EPS) will be 0.24 yuan, 0.28 yuan, and 0.32 yuan next three years, respectively.

Western Securities will debut on SME board within 15 trading days by estimate.

Western Securities IPO data:
Par Value:1 CNY
Offering price:8.7 CNY
Total New Shares offered:200 million shares
Diluted P/E after IPO:48.33
Subscription date:April 23th,2012(one day)