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Article: BRIEFING - ASIA BANKING - OCT 14, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on banking for Oct 14, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CHINA'S BANK OF NINGBO TO RAISE US$732 MLN
BEIJING - Bank of Ningbo Co. (SSZ:002142, SEHK:2142), a Zhejiang-based regional lender part-owned by Singapore's Overseas-Chinese Banking Corp., plans to raise as much as 5 billion yuan (US$732.3 million) in a private placement to augment its capital base, China Daily reported Wednesday.
The bank would sell up to 450 million shares at 11.63 yuan per share to its existing shareholders who owned at ...