Haitong Securities to Raise $3.9B in HK Private Placement

Haitong Securities to Raise $3.9B in HK Private Placement

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Interactive Video

Business

University

Hard

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The video discusses a day of market gains and the introduction of more shares from a company. David provides details on the company's $3.9 billion cash call and private placement of shares at a discounted price. Despite the discount, the shares are at a premium compared to six weeks ago, reflecting a rally in the market. The company plans to use the funds to expand its business, particularly in short selling and margin trading, following a trend among major Chinese brokerages since 2013.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is the valuation of the company being questioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do high toxic and other brokerages play in the current market situation?

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