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Article: China : China Everbright Bank gets approval to raise 11.5 bln yuan.
- Article from:
- TendersInfo
- Article date:
- August 27, 2009
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Byline: babalu03
China Everbright Bank Wednesday announced it had received approval from the China Banking Regulatory Commission to raise 11.5 billion yuan (1.68 billion U.S. dollars) from eight domestic corporate investors.
After the share placement, the bank would raise its capital adequacy ratio above 10 percent and its core capital adequacy ratio above 7 percent, said a statement from the bank.
The statement said prospective investors included China Aerospace Science and Technology Corporation, Shanghai Baosteel Group Corp., China Power Finance, China Reinsurance (Group) Corp., Shenergy Group Co., Aerospace Science and Technology Financing, ...