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BRIEF-China Citic Bank Says Proposed Rights Issue Of A Shares & H Shares

reuters.com · 04/29/2022 10:29
BRIEF-China Citic Bank Says Proposed Rights Issue Of A Shares & H Shares

- China Citic Bank Corp Ltd CHCJY:

  • PROPOSED RIGHTS ISSUE OF A SHARES AND H SHARES

  • GROSS PROCEEDS RAISED FROM RIGHTS ISSUE ARE EXPECTED TO BE NO MORE THAN RMB40 BILLION

  • A RIGHTS SHARES TO BE ISSUED TO ALL A SHAREHOLDERS ON BASIS OF UP TO THREE A RIGHTS SHARES FOR EVERY TEN EXISTING A SHARES

  • PROCEEDS RAISED FROM RIGHTS ISSUE TO BE USED FOR REPLENISHMENT OF CORE TIER-ONE CAPITAL OF BANK, AMONG OTHERS

Further company coverage: CHCJY


((Reuters.Briefs@thomsonreuters.com;))