China Merchants Bank gets CSRC approval for H-share rights issue

HONG KONG Thu Aug 15, 2013 7:34am EDT

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HONG KONG Aug 15 (Reuters) - China Merchants Bank Co Ltd said on Thursday it had received approval from the China Securities Regulatory Commission (CSRC)for an H-share rights issue.

The bank said it had received approval to issue no more than 680,423,172 overseas foreign rights shares with a nominal value of RMB1.00 each, according to a filing with the Hong Kong Stock Exchange. It said the board of directors would implement the rights issue as soon as possible.

For additional details: here (Reporting by Clare Baldwin; editing by Jane Baird)

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