Guotai Junan International Holdings Limited
Guotai Junan International is placed on CreditWatch with Positive Implications by S&P Ratings
Guotai Junan International Holdings Limited Guotai Junan International is placed on CreditWatch with Positive Implications by S&P Ratings At the end of March this year, Guotai Junan Securities Co., Ltd. (“Guotai Junan” or “parent company”) has announced to raise up to HK$16.5 billion from the new global offering of H shares. S&P considers that the new share issuing is expected to enhance Guotai Junan’s capital position and places its credit ratings on CreditWatch with positive implications. As a core subsidiary of Guotai Junan, Guotai Junan International‘s credit rating is placed on CreditWatch with positive implications by S&P as well. This update is to reflect the S&P’s confidence towards the future business development of the two companies as well as the consistency of rating criteria. S&P expects that in the next three months, with the completion of the H shares issuing of Guotai Junan, they will make CreditWatch decision after meeting its management. S&P holds that it will upgrade the ratings on Guotai Junan and Guotai Junan International by one notch if Guotai Junan can maintain strong capital level while other risk indexes and government supports remain unchanged. – End – About Guotai Junan International Holdings Limited Guotai Junan International is the market leader and first mover for internationalization of Chinese securities company. The Company is the first Chinese securities broker to list on the Main Board of The Hong Kong Stock Exchange by way of initial public offering. Based in Hong Kong, the Company provides diversified integrated financial services. The five core services include: (i) brokerage, (ii) corporate finance, (iii) loans and financing, (iv) asset management, (v) financial products, market making and investments. The Company’s online trading platform support a total of 8 stock markets, including Hong Kong, USA, UK, Japan, Canada, Singapore, China A share and B share, as well as global bond market and more than 20 futures markets worldwide, providing leveraged foreign exchange trading for 8 currency pairs and 21 cross-currency pairs, inclusive of CNH. The Company is one of the constituents of HSCI, Hang Seng Composite LargeCap & MidCap Index, FTSE HK index and FTSE HK ex H share index. Guotai Junan International has been assigned “Baa2 / Prime-2” and “BBB / A-2” rating from Moody’s Investor Service and Standard & Poor’s Global Ratings respectively. Our controlling shareholder, Guotai Junan Securities Company Limited (“Guotai Junan”), is one of the China’s leading securities houses, listed on the Shanghai Stock Exchange. Guotai Junan ranked the second among Chinese brokers in terms of FY 2016 revenue. Backed by strong operational support, the Company will be able to further explore the HK and the Southeast Asia market. For more information about Guotai Junan International: http://www.gtja.com.hk. For enquiries, please contact: Guotai Junan International Holdings Limited Document: http://n.eqs.com/c/fncls.ssp?u=WPSEEVWLJW Document title: Guotai Junan International is placed on CreditWatch with Positive Implications by S&P Ratings
07/04/2017 Dissemination of a Financial Press Release, transmitted by EQS Group. |