Key Developments: Bank of China Ltd (BACHY.PK)
12.18USD
17 May 2013
$0.03 (+0.25%)
$12.15
$12.17
$12.18
$12.11
2,742
8,978
$12.59
$8.74
Latest Key Developments (Source: Significant Developments)
Bank of China Ltd Announces Result of Debt-to-Equity Swap
Bank of China Ltd announced that RMB 692,000 of its corporate bonds have been converted into 187,132 A shares (0.000069% of the Company's total shares) as of March 31, 2013. After that, the total number of the Company's shares is 279,147,349,863. Full Article
Bank of China Ltd Announces FY 2012 Dividend Payment
Bank of China Ltd announced that it will pay a cash dividend of RMB 0.175 per 10 shares (pre-tax) to shareholders for fiscal year 2012. Full Article
Bank of China Ltd Amends Conversion Price of Convertible Bonds
Bank of China Ltd announced that it has amended the conversion price of its convertible bonds from RMB 3.44 per share to RMB 2.99 per share, effective March 29, 2013. Full Article
Bank of China Ltd Announces Resignation of Chairman
Bank of China Ltd announced the resignation of Mr. Xiao Gang as Chairman of the Board, effective March 17, 2013. Full Article
Bank of China Ltd's Places Order For 50 A320 Jets With EADS NV's Airbus-Reuters
Reuters reported that Bank of China Ltd's aircraft leasing arm BOC Aviation has placed its largest ever order to buy 50 A320 family jets from Airbus from EADS NV at a list price of $5 billion. The deal, which includes 25 new engine options (NEOs), comprises A320 and A321 variants with delivery scheduled from the second half of 2014 to the end of 2019. Full Article
Bank of China Ltd Announces Completion Of Subordinated Bonds Issue
Bank of China Ltd referred to the announcement by Bank of China Ltd dated November 15, 2012. Having obtained the approvals from China Banking Regulatory Commission and the People’s Bank of China, the Bank issued RMB23 billion subordinated bonds (the Subordinated Bonds) in the national interbank bond markets on November 27, 2012. The total amount of the Subordinated Bonds is RMB23 billion and two different types are issued. One type is fixed rate subordinated bonds for a term of ten years with the coupon rate of 4.7% and the other type is fixed rate subordinated bonds for a term of fifteen years with the coupon rate of 4.99%. The Bank is entitled to redeem the above two types of subordinated bonds at the ends of the fifth year and the tenth year, respectively. The funds raised from the issuance of the Subordinated Bonds will be used to replenish the supplementary capital of the Bank in accordance with the applicable laws and the approvals from the regulatory authorities. Full Article
Bank of China Limited Announces FY 2011 Dividend Payment Date
Bank of China Limited announced that it will pay a cash dividend of RMB 0.1395 per share (after tax) to shareholders of record on June 12, 2012. The Company's shares will be traded ex-dividend on June 13, 2012 and the dividend will be paid on July 6, 2012. Full Article
Bank of China Limited Announces FY 2011 Dividend Payment
Bank of China Limited announced that it will pay a cash dividend of RMB 0.155 per share (pre-tax) to shareholders for fiscal year 2011. Full Article
Bank of China Ltd Opens Second Branch in Budapest-MTI – EcoNews
MTI – EcoNews reported that Bank of China Ltd has opened its second branch in the Hungarian capital Budapest. Bank of China Ltd seeks to expand its network in Hungary and later wants to use the unit as a base for growth in the entire Central and Eastern European region. Bank of China Ltd started operating in Hungary in 2003, marking its entry in the Central and Eastern European region. Full Article
Bank of China Limited Appoints Auditors
Bank of China Limited announced that it appointed Price Waterhouse Coopers and Price Waterhouse Coopers Hong Kong as its auditors for fiscal year 2012. Full Article
Bank of China closes bank account of key North Korean bank
BEIJING, May 7 - Bank of China Ltd has shut the account of a major North Korean bank which was sanctioned by the United States in March after Washington accused it of helping finance Pyongyang's banned nuclear weapons programme.
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