Key Developments: China Construction Bank Corp (0939.HK)

0939.HK on Hong Kong Stock

6.31HKD
3:59am EDT
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HK$-0.07 (-1.10%)
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HK$6.38
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HK$6.35
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HK$6.40
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HK$6.31
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HK$6.62
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HK$5.25

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Latest Key Developments (Source: Significant Developments)

Chang Hwa Commercial Bank announces MOU with China Construction Bank
Thursday, 10 Apr 2014 02:15am EDT 

Chang Hwa Commercial Bank Ltd:Signed memorandum of understanding (MOU) with China Construction Bank Corp, for cooperation and promotion of financial business.  Full Article

China Construction Bank to set up branches in Europe
Sunday, 30 Mar 2014 08:00pm EDT 

China Construction Bank Corp:To set up branch in Poland and branch in France, Italy, Spain and Netherlands through Europe subsidiary.  Full Article

China Construction Bank Corp announces FY 2013 dividend payment
Sunday, 30 Mar 2014 08:00pm EDT 

China Construction Bank Corp:To pay cash dividend of 3 yuan per 10 shares (before tax) to shareholders for the fiscal year 2013.  Full Article

Metallurgical Corporation of China Ltd's sub-subsidiary to sell income rights of assets to branch of China Construction Bank Corp
Monday, 23 Dec 2013 07:00pm EST 

China Construction Bank Corp:Metallurgical Corporation of China Ltd says its Zhuhai-based infrastructure construction and investment sub-subsidiary will sell its income rights of assets in a Zhuhai-based investment company, for 5 billion yuan to Zhuhai Branch of China Construction Bank Corp.The income rights is for an infrastructure build-transfer (BT) project in Zhuhai.  Full Article

Jiangxi Changyun Co Ltd to transfer asset beneficial rights to Nanchang branch of China Construction Bank Corp
Friday, 13 Dec 2013 07:00pm EST 

Jiangxi Changyun Co Ltd:Says to transfer the asset beneficial rights based on 110 million yuan worthy fixed assets to a Nanchang branch of China Construction Bank Corp.Says transaction price 100 million yuan and transfer period for one year.Says the company will buy back the asset beneficial rights with a premium rate of 6 pct.  Full Article

China Construction Bank Corp To Buy 72% Stake Of Banco Industrial e Comercial SA-Reuters
Friday, 1 Nov 2013 05:05am EDT 

Reuters reported that China Construction Bank Corp will acquire a 72% stake in Banco Industrial e Comercial SA for BRL1.6 billion ($719.63 million), the Chinese lender said.  Full Article

China Construction Bank Corp Does Not Distribute Interim Dividend
Sunday, 8 Sep 2013 06:13am EDT 

China Construction Bank Corp announced that it would not distribute interim dividend for the six months ended June 30, 2013, nor did it propose any capitalisation of capital reserve into share capital.  Full Article

Bank of America Corp To Cut China Construction Bank Corp With $1.5 Billion Stake Sale-Reuters
Tuesday, 3 Sep 2013 06:07am EDT 

Reuters reported that Bank of America Corp has launched an up to $1.5 billion share offering in China Construction Bank Corp (CCB), exiting an eight-year investment. The U.S. bank is offering two billion Hong Kong-traded shares of CCB in a range of HKD5.63 to HKD5.81 each, according to a term sheet of the deal seen by Reuters. The price is equivalent to a discount of up to 5.1% to Tuesday's close of HKD5.93.  Full Article

China Construction Bank Corp Announces Change of CFO
Sunday, 25 Aug 2013 12:00pm EDT 

China Construction Bank Corp announced that it has appointed Mr. Pang Xiusheng as the new Chief Financial Officer in the Company, to replace Mr. Zeng Jianhua, who will serve as Chief Risk Officer in the Company, effective August 23, 2013.  Full Article

China Construction Bank Corp to Issue Tier-2 Capital Instruments with Write-down Feature
Sunday, 25 Aug 2013 12:00pm EDT 

China Construction Bank Corp announced that it will issue tier-2 capital instruments with write-down feature worth equivalent to no more than RMB 22 billion, with a term of no less than five years. The coupon rate will be determined according to market condition and proceeds will be used for tier-2 capital raising.  Full Article

China banks borrow Western tricks to combat spike in bad loans

SHANGHAI/HONG KONG - Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years.

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