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CCB rights offer
By Maggie Zhang |
November 16, 2010, Tuesday
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Print Edition
Print Edition
CHINA Construction Bank yesterday said in a filing to the Shanghai Stock Exchange yesterday that its rights offer of yuan-backed A shares was 94.23 percent subscribed.
The bank earlier said it plans to raise 61.7 billion yuan (US$9.2 billion) in the biggest rights offer in Asia this year as it joined its major state-owned rivals in raising funds. The stock resumed trading yesterday in Shanghai after having been suspended since November 5. The bank's shares lost 2.67 percent to 5.10 yuan at the close of trading in Shanghai yesterday.
The bank earlier said it plans to raise 61.7 billion yuan (US$9.2 billion) in the biggest rights offer in Asia this year as it joined its major state-owned rivals in raising funds. The stock resumed trading yesterday in Shanghai after having been suspended since November 5. The bank's shares lost 2.67 percent to 5.10 yuan at the close of trading in Shanghai yesterday.
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