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BRIEF-Bank of Jiangsu plans to raise up to 20 bln yuan in preference share private placement
November 29, 2016 / 11:06 AM / a year ago

BRIEF-Bank of Jiangsu plans to raise up to 20 bln yuan in preference share private placement

Nov 29 (Reuters) - Bank of Jiangsu Co Ltd

* Says it plans to issue up to 200 million preference shares in private placement to raise up to 20 billion yuan ($2.90 billion) to replenish capital, boost capital adequacy ratio

* Says it plans to set up consumer finance company

Source text in Chinese: bit.ly/2gBlSSG; bit.ly/2gDIIW6;

Further company coverage: ($1 = 6.8965 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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