Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Industrial Bank revised down private placement to RMB 24.38 bln

Jun. 29, 2012 (China Knowledge) - Industrial Bank Co Ltd<601166>, a Fujian Province-based bank partly owned by HSBC Holdings Plc<0005>, announced yesterday that it has received approval from the China Banking Regulatory Commission to raise up to RMB 24.38 billion through a private placement.

The fund-raising size was less than the RMB 26.3 billion the lender announced in March.

The company said in a statement that it would issue up to 1.92 billion shares in the deal, down from the 2.07 billion shares in its original plan.

According to the new plan, PICC Asset Management Co Ltd will subscribe 1.38 billion shares, China National Tobacco Corp will subscribe 409 million shares, and Shanghai Zheng Yang International Business Co Ltd will buy the remaining 126 million shares.

The bank's net profit grew 58.74% YoY to RMB 8.29 billion in the first quarter of this year.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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