China Merchants Bank Co., Ltd. To Raise Up To $5.4 Billion In Rights Issue-Reuters - ResearchInChina

Date:2011-08-08wangxin  Text Size:

Reuters reported that China Merchants Bank Co., Ltd. will raise up to CNY35 billion ($5.4 billion) in a Hong Kong and Shanghai rights issue to replenish its capital. The Company will issue up to 2.2 shares for every 10 existing shares, it said in a statement posted on the Hong Kong stock exchange.

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