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Bank of Communications Co Ltd (3328.HK)

3328.HK on Hong Kong Stock

6.39HKD
22 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Bank of Communications announces 2015 dividend payment
Tuesday, 29 Mar 2016 08:00pm EDT 

Bank of Communications Co Ltd:To pay cash dividend of 2.7 yuan per 10 shares (before tax) to shareholders for 2015.  Full Article

Bank of Communications Co Ltd - China bans prepaid card provider, warns non-bank financial firms - Reuters
Wednesday, 6 Jan 2016 07:16am EST 

Bank of Communications Co Ltd:China's central bank on Thursday said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. - RTRS.The People's Bank of China (PBOC) said on its website it had ordered Shanghai Chang Gou Enterprise Services to withdraw from the market after finding the company had misappropriated clients' money, concealed capital flows, and refused inspections - RTRS.It said police were now dealing with the firms' bosses and its debts were being handled by Bank of Communications International Trust - RTRS.The PBOC said it would resolutely clean up and severely deal with "non-bank payment institutions that are challenging legal boundaries, misappropriating client reserves, damaging customer interests and undermining market order" - RTRS.A growing number of non-bank financial institutions have failed in recent months, highlighting the risks emerging in a fast-growing sector whose players are able to operate beyond the scrutiny of China's regulators - RTRS.Chang Gou issued pre-paid payment cards which customers could use at over 20,000 retailers, including supermarkets Tesco and Lotus in areas such as Jiangsu and Zhejiang provinces, it said on its website - RTRS.In a statement dated Monday, the company said it was under investigation and would stop all operations. - RTRS.  Full Article

Bank of Communications issues overseas preference shares
Wednesday, 29 Jul 2015 08:00pm EDT 

Bank of Communications Co Ltd:Issued overseas preference shares worth $2.45 bln.  Full Article

Bank of Communications plans to issue preferred stock
Wednesday, 22 Jul 2015 08:00pm EDT 

Bank of Communications Co Ltd:Planning to issue overseas preference shares worth $2.45 bln.To raise about 14.99 bln yuan.  Full Article

Bank of Communications announces 2014 dividend payment date
Tuesday, 26 May 2015 08:00pm EDT 

Bank of Communications Co Ltd:To pay cash dividend of 2.7 yuan per 10 shares (before tax) to shareholders for 2014 as a record of June 2.The company's shares will be traded ex-right and ex-dividend on June 3 and the dividend will be paid on June 3.  Full Article

Bank of Communications Co Ltd announces acquisition of 80% interest in BANCO BBM S.A
Tuesday, 19 May 2015 10:15am EDT 

Bank of Communications Co Ltd:Says Bank and certain selling shareholders of Banco BBM S.A. (BBM Bank) entered into a Share Purchase Agreement and Other Covenants.Pursuant to which the Bank has agreed to acquire about 80% of the total outstanding shares of BBM Bank for cash consideration, subject to the terms and conditions of the Share Purchase Agreement.Estimate the purchase price for this Transaction to be approximately 525.0 mln Brazilan reias (equivalent to approximately HK$1,353.4 million).  Full Article

Bank of Communications to set up Toronto branch
Tuesday, 28 Apr 2015 08:00pm EDT 

Bank of Communications Co Ltd:Says to set up a branch in Toronto.  Full Article

Bank of Communications to issue domestic preferred shares through private placement
Thursday, 26 Mar 2015 08:00pm EDT 

Bank of Communications Co Ltd:To issue domestic preferred shares of up to 450 mln shares through private placement , and issue price and par value of 100 yuan per share.To raise up to 45 bln yuan.Proceeds to be used as supplement of other tier 1 capital.  Full Article

Bank of Communications announces change of CFO
Thursday, 26 Mar 2015 08:00pm EDT 

Bank of Communications Co Ltd:Appoints Wu Wei as Chief Financial Officer (CFO) to replace Yu Yali.Says need approval by China Securities Regulatory Commission.  Full Article

Bank of Communications announces 2014 dividend payment
Thursday, 26 Mar 2015 08:00pm EDT 

Bank of Communications Co Ltd:To pay cash dividend of 0.27 yuan per share (before tax) to the company's shareholders for 2014.  Full Article

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BRIEF-Bank of Communications updates on spin-off and separate listing of Bocom Int'l

* Proposed spin-off and listing was approved by shareholders of bank at EGM held on 28 october 2016