国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

Money

Hua Xia Bank shares drop by daily limit

(Xinhua)
Updated: 2010-05-06 15:38
Large Medium Small

Hua Xia Bank Co's shares dived by the 10-percent daily limit Thursday after the bank said it will raise 20.8 billion yuan ($3.05 billion) through a private share replacement.

Hua Xia Bank shares stood at 11.45 yuan per share when trading was suspended.

Related readings:
Hua Xia Bank shares drop by daily limit Hua Xia to raise 20.8b yuan via share placement
Hua Xia Bank shares drop by daily limit Two China banks may tweak fund-raising plans
Hua Xia Bank shares drop by daily limit Agricultural Bank set for date with bourses

A total of 1.86 billion shares will be sold to its three major shareholders - Shougang Group, Deutsche Bank and State Grid Group - at 11.17 yuan per share, the bank said in a statement filed with the Shanghai Stock Exchange Thursday.

The proceeds will be used to replenish the bank's capital, the statement said.

After the deal, with a 20.98-percent stake, Shougang Group will replace Deutche Bank as the bank's largest shareholder. Shougang currently holds a 13.98 percent stake.

At the end of 2009, the bank reported a capital adequacy ratio (CAR) of 10.2 percent, just over the regulatory requirement of 10 percent.