Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Bank of Beijing approved to raise RMB 11.8 bln

Jan. 31, 2012 (China Knowledge) - Bank of Beijing Co Ltd <601169>, China's largest city lender by assets, has received approval from China Securities Regulatory Commission to raise RMB 11.8 billion via a private placement.

This is the first fundraising after the lender launched its initial public offering in 2007.

The Shanghai-listed lender said it will issue shares to nine selected investors at a price of RMB 10.67 apiece, compared with its closing price of RMB 9.95 on January 30.

The nine investors consist of Hawtai Motor Group Co Ltd, CITIC Securities Co Ltd<600030>, Taikang Life Insurance Co, China High-tech Group Corp, South Industry Assets Management Co Ltd, Huaneng Capital Services Co Ltd, Liqin Investment, Kaiyuan Securities and The State Development & Investment Corp.

Proceeds from the issuance will be used to replenish working capital, said the issuer.

Bank of Beijing's capital adequacy ratio and core capital adequacy ratio was 11.79% and 9.38%, respectively, as of September 30, 2011, each of which is expected to increase by two percentage points after the private placement.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved