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Huishang Bank Corp Ltd (3698.HK)

3698.HK on Hong Kong Stock

3.62HKD
23 May 2017
Change (% chg)

HK$-0.03 (-0.82%)
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Volume
149,000
Avg. Vol
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HK$4.20
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HK$3.43

Latest Key Developments (Source: Significant Developments)

Huishang Bank Corp qtrly net profit RMB2.10 bln
Wednesday, 26 Apr 2017 06:55am EDT 

April 26 (Reuters) - Huishang Bank Corp Ltd <3698.HK>:Qtrly net profit RMB 2.10 billion.As at the end of march 2017, the bank's capital adequacy ratio was 12.79 pct.  Full Article

Huishang Bank Corp says FY net profit attributable to shareholders up 11.51%
Thursday, 23 Mar 2017 11:01am EDT 

Huishang Bank Corp Ltd <3698.HK> : FY net profit attributable to shareholders of bank RMB6.87 billion up 11.51 pct . FY net interest income RMB18.34 billion versus RMB14.84 billion .Board recommends a cash dividend of rmb0.061 per share.  Full Article

Huishang Bank says Xu Demei, vice chairman and executive director, tendered her resignation
Wednesday, 1 Mar 2017 05:05am EST 

Huishang Bank Corp Ltd <3698.HK> : Xu Demei, vice chairman and executive director, has tendered her resignation .Is currently identifying suitable candidate as replacement executive director of Xu.  Full Article

Huishang Bank Corp says 9-mnth net profit rmb 5.07 bln
Monday, 14 Nov 2016 05:57am EST 

Huishang Bank Corp Ltd <3698.HK>: As at end of q3 of 2016, bank's capital adequacy ratio was 11.78% .9-mnth net profit rmb 5.07 bln.  Full Article

Huishang Bank says CSRC approved issuance of offshore preference shares
Monday, 31 Oct 2016 06:11pm EDT 

Huishang Bank Corporation Limited: Huishang Bank-announcement In Relation To The Approval From Cbrc Anhui Bureau Concerning The Issuance Of Offshore Preference Shares And Amendments To The Articles And The Approval From Csrc Concerning The Issuance Of Offshore Preference Shares <3698.HK> . On 21 october 2016, bank received "approval concerning issuance of offshore preference shares by huishang bank corporation limited" . Offshore preference shares may be listed on stock exchange of hong kong limited after issuance .on 21 Oct, CSRC approved issuance of up to 60 million offshore preference shares, with each preference share having a par value of RMB100.  Full Article

Huishang Bank says HY net profit RMB3.41 bln<3698.HK>
Tuesday, 30 Aug 2016 10:35am EDT 

Huishang Bank Corp Ltd <3698.HK>: 2016 interim results announcement <3698.HK> . HY net profit attributable to shareholders RMB3.408 billion versus RMB3.07 billion . HY net operating income RMB10.17 billion versus RMB7.71 billion . US economy will continue to recover . Risks in the emerging markets will intensify . Oil price will become stable with rebounding demand . In the second half of 2016, a more aggressive fiscal policy is expected to be launched with some room for monetary policies . Expected to see an early trend of inflation worldwide in the second half of 2016 . Prospect for import and export seems bleak, as the economic downward pressure will be still high . Bank has no profit distribution plan for the reporting period .  Full Article

Huishang Bank Corp says public float of bank below required minimum<3698.HK>
Wednesday, 11 May 2016 07:03am EDT 

Huishang Bank Corp Ltd <3698.HK>: Says as at May 11, the public float of the bank is approximately 24.12% . Bank is currently considering taking actions in due course so as to restore the public float" . Public float of bank is below minimum of 25% as required under rules governing listing of securities on HKEX . Considering taking actions by placing new shares and/or suggesting substantial shareholder to place down shares in bank .Still in process of working out with parties to identify measures for restoration of public float within reasonable time frame.  Full Article

Huishang Bank Corp Ltd updates on placing of new H shares
Thursday, 24 Sep 2015 07:16am EDT 

Huishang Bank Corp Ltd:Resolved to propose the issue and placing of no more than 632,500,000 new H shares, representing 20% of the total number of H shares in issue.Placing Shares are ordinary H class shares of nominal value of RMB1.00 each.Placees will be a total of no more than 10 investors.Bank will determine the issue price.Proceeds from offering will be used to replenish core tier i capital of bank.  Full Article

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BRIEF-Huishang Bank Corp qtrly net profit RMB2.10 bln

* As at the end of march 2017, the bank's capital adequacy ratio was 12.79 pct Source text: (http://bit.ly/2q4wmMr) Further company coverage: