Key Developments: Bank of Communications Co Ltd (3328.HK)
6.17HKD
21 May 2013
HK$-0.05 (-0.80%)
HK$6.22
HK$6.18
HK$6.20
HK$6.15
15,697,076
34,234,417
HK$6.70
HK$4.75
Latest Key Developments (Source: Significant Developments)
Bank of Communications Co Ltd Appoints Chairman
Bank of Communications Co Ltd announced that it has appointed Mr. Niu Ximing as Chairman of the Board, effective May 20, 2013. Full Article
Bank of Communications Co Ltd Announces Retirement of Chairman
Bank of Communications Co Ltd announced that Mr. Hu Huaibang has resigned from the position of Chairman of the Board of the Company, effective April 15, 2013. Full Article
Bank of Communications Co Ltd Announces No Dividend Payment for FY 2012
Bank of Communications Co Ltd announced that it will pay no dividend to shareholders for fiscal year 2012. Full Article
Bank of Communications Co Ltd to Issue Financial Bonds
Bank of Communications Co Ltd announced that it will issue up to RMB 40 billion worth of financial bonds. Full Article
Bank of Communications Co Ltd Does Not Recommend Interim Dividend
Bank of Communications Co Ltd announced that its Board does not recommend the payment of interim dividend or share transfer from capital reserve for the six months ended June 30, 2012. Full Article
Taiwan Cooperative Bank to Sign Cooperative Memorandum of Understanding with Bank of Communications
Taiwan Cooperative Bank announced that it has signed a cooperative agreement with Bank of Communications for financial communications and collaboration, to provide customers with integrated service. Full Article
Chang Hwa Commercial Bank, Ltd. to Sign Cooperative Memorandum of Understanding with Bank of Communications
Chang Hwa Commercial Bank, Ltd. announced that it plans to sign a sign cooperative memorandum of understanding with Bank of Communications in Mainland China, for financial business communication. Full Article
Cathay Financial Holding Company's Cathay United Bank To Sign MOU With Bank of Communications Co., Ltd.-DJ
Dow Jones reported that Cathay Financial Holding Company's Cathay United Bank unit will sign a memorandum of understanding with Bank of Communications Co., Ltd. as it continues its expansion outside its saturated home market. Full Article
Woori Finance Holdings Co., Ltd. To Form Strategic Alliance With Bank of Communications Co., Ltd.-DJ
Dow Jones reported that Woori Finance Holdings Co., Ltd. said it and China's Bank of Communications Co., Ltd. have agreed to a strategic tie-up, a move that the Korean lender said will boost its efforts to expand its international operations. Woori Finance Holdings Co., Ltd. said the tie-up will help it take advantage of Bank of Communications Co., Ltd.'s presence in China, which the Korean lender said will bolster its business in the country. The two sides have agreed to a broad strategic alliance including cross-selling of products, global co-operation and sharing of information among the two lenders' subsidiaries. Full Article
TEXT-Fitch upgrades BCOM's IDR & ABC's VR; affirms China's other large state banks
Feb 06 - Fitch Ratings has upgraded Bank of Communications' (BCOM) Long-Term Issuer Default Rating (IDR) to 'A' from 'A-', and its Short-Term IDR to 'F1' from 'F2'. BCOM's Support Rating Floor was also revised to 'A' from 'A-'. At the same time, Agricultural Bank of China's (ABC) Viability Rating (VR) was upgraded to 'bb-' from 'b+'. All other ratings of the five large state banks have been affirmed with Stable Outlooks. A full list of rating actions is below.
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