皇冠体育app

Top Biz News

Bank of 皇冠体育app aims to issue new HK shares soon

(Agencies)
Updated: 2010-03-11 17:12
Large Medium Small

Bank of 皇冠体育app wants to issue additional Hong Kong-listed H shares as soon as possible in a follow-on offering equal to 20 percent of its existing H share capital, the chairman of 皇冠体育app's fourth-largest lender by assets said on Thursday.

Related readings:
Bank of 皇冠体育app aims to issue new HK shares soon BOC may raise 50b yuan through H-share issuance
Bank of 皇冠体育app aims to issue new HK shares soon BOC may float shares in Hong Kong
Bank of 皇冠体育app aims to issue new HK shares soon BOC pledges credit growth in 2010
Bank of 皇冠体育app aims to issue new HK shares soon Big lenders get ready for Huijin boost

Xiao Gang said the lender was seeking approval from shareholders and regulators on the mainland and in Hong Kong for the share issuance.

Xiao was speaking to a news briefing during 皇冠体育app's annual session of the top legislature.

Analysts briefed by the bank in January had said Bank of 皇冠体育app was considering a new share sale in Hong Kong to raise capital, supplementing plans for a convertible bond issue of up to 40 billion yuan ($5.86 billion) to shore up its capital base and maintain its lending capacity.

Specials
Columnists
皇冠体育app Daily E-paper