Reuters reported that China CITIC Bank Corporation Limited (601998.SH)said it planned to raise up to 26 billion yuan ($3.8 billion) through a rights issue to replenish its capital. CITIC Bank will sell as many as 2.2 shares for every 10 existing shares in Hong Kong and Shanghai, up to a total of 8.6 billion shares, the Company said in a statement to the Hong Kong Stock Exchange. That fundraising will cover its capital needs for the next three years.
Source:Reuters
Welcome to our website. This service is open to member only.
Contact our customer service team
Tel: 86-10-82600828, 82601561
Email: report@researchinchina.com