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

Financial Market
 Search News  Or
BoCom to raise RMB 29.8 bln via private placement

Jul. 30, 2012 (China Knowledge) - Bank of Communications<601328><3328>, the mainland's fifth-largest lender by market value, announced that it plans to issue RMB 29.8 billion worth of A-share through a private placement.

It still requires approval from the China Securities Regulatory Commission.

Over two thirds of the A-shares will be subscribed by the Ministry of Finance (MOF) and China's National Social Security Fund, the largest and second largest shareholders of the bank.

After the subscription, the Ministry of Finance and China's National Social Security Fund will hold a 26.53% and a 13.88% stake in the company, respectively, said someone familiar with the matter.

In March 2012, Bank of Communications announced to issue 6.54 billion A-share with a price of RMB 4.55 apiece and 5.84 billion H-share with a price of HK$5.63 apiece to improve its capital adequacy ratio.

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