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CN Banks Announce to Land Refinancing for Stock Repurchases and Increases
Recommend 18 Positive 32 Negative 16 |
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ICBC (01398.HK), BANK OF CHINA (03988.HK), CCB (00939.HK), CM BANK (03968.HK), CITIC BANK (00998.HK) and many other Chinese banks announced the launch of the first batch of refinancing for stock repurchases and increases. Recently, 23 Shanghai and Shenzhen-listed companies separately announced that the company or controlling shareholder reached a letter of intent with the bank or obtained a loan commitment letter, and would use the loan funds to repurchase or increase stocks, involving a total of more than RMB10 billion in funds. The first batch of cooperative banks for refinancing for stock repurchases and increases includes four state-owned banks and two joint-stock banks. Currently, many commercial banks have formulated landing plans for refinancing for stock repurchases and increases from customer access, account management, due diligence approval and risk control, in a bid to better internal control systems, and actively market the refinancing. AAStocks Financial News |
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