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

Financial Market
 Search News  Or
Minsheng Banking approved to issue RMB 20 bln in CBs

Jul. 26, 2012 (China Knowledge) - China Minsheng Banking Corp Ltd<600016><1988>, the first privately owned bank in the country, announced yesterday that it has obtained approval from the China Securities Regulatory Commission to issue up to RMB 20 billion in bonds that could be converted into Shanghai-listed A shares.

In February this year, the bank announced plans to float up to RMB 20 billion in convertible bonds and to sell 1.65 billion H shares through a rights issue.

The lender in late March raised net proceeds of HK$11.11 billion through the H-share rights issue at a price of HK$6.79 apiece.

The bank's net profit jumped 47.7% YoY to RMB 9.17 billion in the first quarter of this year, driven by rapid growth in net interest income as well as fee and commission income, according to an earlier report from China Knowledge.

The bank's A shares closed at RMB 5.80 yesterday and its H shares closed at HK$6.68.

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