Zhitong Finance App News, Guolian Minsheng (01456) announced that the company plans to transfer assets related to wealth management business to Minsheng Securities free of charge, and assets related to Minsheng Securities's fixed income investment business and equity investment business to the company free of charge.
In order to optimize the allocation of resources and improve the overall efficiency of the use of capital, the company plans to reduce the registered capital of Minsheng Securities by 10 billion yuan, that is, the registered capital of Minsheng Securities will be reduced from 1,1525.27.32 million yuan to 1510.2527.32 million yuan. After the capital reduction was completed, the company still held 100% of Minsheng Securities's shares.
This free transfer will help the company achieve a unified brand and unified operation of the wealth management business, optimize branch management, strengthen resource collaboration, consolidate and enhance the competitive advantage of the company's financial market business, reduce operation and management costs, and enhance comprehensive financial service capabilities and overall operational efficiency.
This capital reduction helps the company optimize resource allocation and improve the overall efficiency of capital use. This capital reduction will not change the shareholding structure of Minsheng Securities, will not cause changes in the scope of the company's consolidated statements, and will not have a significant impact on the company's current profit and loss.
After the completion of this free transfer and capital reduction, various risk control indicators and liquidity of Minsheng Securities can meet regulatory requirements and operating needs. The company continues to integrate Minsheng Securities into the comprehensive risk management system, and will provide net capital guarantees, liquidity support, etc. when necessary to ensure the steady operation of Minsheng Securities.