Key Developments: Industrial and Commercial Bank of China Ltd (1398.HK)

1398.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Industrial And Commercial Bank of China Ltd says bank will make capital injection of RMB2.28 bln into ICBC-AXA
Thursday, 27 Aug 2015 10:51am EDT 

Industrial And Commercial Bank of China Ltd:Bank will make a capital injection of an amount of RMB2.28 billion into ICBC-axa which is a subsidiary controlled by the bank.Says management of the bank will be authorised to handle matters relating to the capital injection.Capital injection will be funded by the bank's internal cash resources.Upon the completion of the capital injection, the bank expects to continue to hold 60% of the shares in ICBC-axa.  Full Article

Industrial And Commercial Bank of China acquires stake in Tekstіl Bankası A.Ş
Friday, 21 Aug 2015 08:00pm EDT 

Industrial And Commercial Bank of China Ltd:The company is holding 92.8169 pct stake in Tekstіl Bankası A.Ş.Acquisition price at 2.118274 Turkish Liras per 10 shares.  Full Article

Industrial And Commercial Bank of China announces 2014 A share dividend payment date
Sunday, 28 Jun 2015 08:00pm EDT 

Industrial And Commercial Bank of China Ltd:To pay cash dividend of 2.554 yuan per 10 shares (before tax) to A share shareholders of record on July 6 for 2014.The company's shares will be traded ex-right and ex-dividend on July 7 and the dividend will be paid on July 7.  Full Article

Industrial And Commercial Bank of China acquires 75.5 pct stake of Tekstіl Bankası A.Ş.
Friday, 22 May 2015 08:00pm EDT 

Industrial And Commercial Bank of China Ltd:Completes acquisition of 75.5 pct stake of Tekstіl Bankası A.Ş. from GSD Holding A.Ş.  Full Article

Industrial And Commercial Bank of China announces 2014 dividend payment
Thursday, 26 Mar 2015 08:00pm EDT 

Industrial And Commercial Bank of China Ltd:To pay cash dividend of 2.554 yuan per 10 shares (before tax) to the company's shareholders for 2014.  Full Article

Industrial And Commercial Bank of China Ltd announces issue of floating rate notes due 2018
Thursday, 12 Feb 2015 06:15am EST 

Industrial And Commercial Bank of China Ltd:Says issue of $600,000,000 floating rate notes due 2018 by Industrial and Commercial Bank of China Ltd., Luxembourg Branch.Issue under its 8,000,000,000 Euro medium term note programme were listed on Official List of the Luxembourg Stock Exchange and traded on Euro MTF on Feb. 12.  Full Article

Standard Bank Group Ltd announces completion of disposal in Standard Bank Plc to The Industrial And Commercial Bank Of China Ltd
Monday, 2 Feb 2015 01:45am EST 

Standard Bank Group Ltd:Refers to the announcement made on Jan. 29, 2014.Says the group has completed the disposal of a 60 pct controlling interest in Standard Bank Plc to The Industrial And Commercial Bank Of China Limited (ICBC) with effect from Feb. 01.Says the disposal proceeds from the transaction are expected to total about $690 mln, $75 mln less than the illustrative amount contained in the Circular, which was based upon Standard Bank Plc’s adjusted June 30, 2013 net asset value.Says it is the group’s intention that the Proceeds will be deployed in furthering the group’s growth strategy in South Africa, and across the African continent, subject to the requisite approvals, in particular from the South African Reserve Bank.  Full Article

Industrial And Commercial Bank of China Ltd issues overseas preferred shares
Thursday, 11 Dec 2014 07:00pm EST 

Industrial And Commercial Bank of China Ltd:Issued overseas preferred shares on Dec. 10.Raised about 34.55 bln yuan in total.Proceeds to be used to replenish Tier I capital.  Full Article

Industrial And Commercial Bank of China Ltd to establish Mexico branch
Monday, 10 Nov 2014 07:00pm EST 

Industrial And Commercial Bank of China Ltd:Says received approval to establish branch in Mexico.  Full Article

Industrial And Commercial Bank of China Ltd to establish Burma branch
Thursday, 9 Oct 2014 08:00pm EDT 

Industrial And Commercial Bank of China Ltd:Says received approval to establish branch in Burma.  Full Article

UPDATE 1-China bank ICBC sees 1st quarterly profit fall in 6 years on slowing economy

* AgBank, BoCom also show strains in profits, rise in bad debt (Adds details of ICBC results, milestone, BoCom and AgBank results)

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