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China Merchants Bank Co., Ltd. Announces Rights Issue


Thursday, 22 Aug 2013 08:00pm EDT 

China Merchants Bank Co., Ltd. announced that it will issue 3,073,906,773 A shares and 680,423,172 H shares of common stock with par value of RMB 1 per share at RMB 9.29 per share to its existing shareholders, who are eligible to purchase 1.74 new shares for every 10 shares they hold. The Company aims to raise up to RMB 35 billion through the rights issue as capital fund.