China Construction Bank to issue A shares
BEIJING, Aug. 25 (Xinhua) -- Shareholders of China Construction Bank (CCB), one of China's four largest state-owned commercial banks, approved a plan for the bank's domestic listing, the bank said in a statement Friday.
The bank will float no more than nine billion A shares and it will send applications to the China Securities Regulatory Commission and the China Banking Regulatory Commission, the statement said.
Based on experience, the CCB can finish the process as early as September, industry insiders said.
The CCB will use raised money to supplement its capital, the statement said.
By the end of 2006, the bank's capital adequacy ratio hit 12.11 percent while non-performing loans ratio was 3.29 percent.
The bank has invited China International Capital Company, CITIC Securities and Cinda Assets Management Company to be its underwriters and advisors of A-share initial public offering (IPO).
The statement gives no details on the IPO price or location of listing.
CCB was listed in the Hong Kong stock exchange in October 2005. It issued 26.486 billion shares on Hong Kong stock market and raised 9.2 billion U.S. dollars.
猜你喜欢
-
- 03-082018考研英语大纲发布在即英语词汇备考贴士
- 03-082018年考研英语秋季复习攻略
- 03-082018考研英语多少分能过关十年分数线一览
- 03-082018考研英语大纲公布前的复习方法
- 03-082018考研大纲即将揭晓英语(二)该如何备考
- 03-082018年考研英语阅读“救命”技巧
- 03-08考研英语真题“细读”三标准详解
- 03-08考研英语:真题的正确打开方式
- 03-08考研英语翻译:评分标准及最好的复习材料
- 03-08看美剧能提高考研英语翻译?做题去吧