CCB gets Huijin promise on issue
Source: Xinhua |
June 23, 2010, Wednesday
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Print Edition
Print Edition
CHINA Construction Bank yesterday said Central Huijin Investment Ltd has promised to participate in its rights issue.
In a statement filed with the Shanghai Stock Exchange, CCB said it has received a commitment letter from Huijin.
Huijin will subscribe in cash for all rights shares offered in the issue, the statement said.
Huijin is a state-owned company authorized by the State Council to exercise rights and obligations as an investor in major state-owned financial enterprises.
CCB shareholders' approval of Huijin's commitment to the rights issue is pending, the statement said.
CCB said in an earlier statement to the Hong Kong stock exchange that the rights issue will be allocated to shareholders at a 10-to-0.7 ratio at the same basis for both Shanghai-listed A shares and Hong Kong-listed H shares.
Up to 16.36 billion shares will be offered in the rights issue, comprising 630 million A shares and 15.73 billion H shares, CCB said.
Gross proceeds from the rights issue will be no more than 75 billion yuan (US$11.03 billion), it said.
In a statement filed with the Shanghai Stock Exchange, CCB said it has received a commitment letter from Huijin.
Huijin will subscribe in cash for all rights shares offered in the issue, the statement said.
Huijin is a state-owned company authorized by the State Council to exercise rights and obligations as an investor in major state-owned financial enterprises.
CCB shareholders' approval of Huijin's commitment to the rights issue is pending, the statement said.
CCB said in an earlier statement to the Hong Kong stock exchange that the rights issue will be allocated to shareholders at a 10-to-0.7 ratio at the same basis for both Shanghai-listed A shares and Hong Kong-listed H shares.
Up to 16.36 billion shares will be offered in the rights issue, comprising 630 million A shares and 15.73 billion H shares, CCB said.
Gross proceeds from the rights issue will be no more than 75 billion yuan (US$11.03 billion), it said.
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