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BOC, CCB, BANKCOMM, PSBC To Hold Investor Briefings Tdy on A-Shr Issuance
Recommend 16 Positive 35 Negative 14 |
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The Big Four Chinese state-owned banks, namely BANK OF CHINA (03988.HK) (601988.SH), CCB (00939.HK) (601939.SH), BANKCOMM (03328.HK) (601328.SH) and PSBC (01658.HK) (601658.SH), announced that they will hold investor briefings today (31st) from 4:30 p.m. to 5:30 p.m. via online text interaction. This meeting will conduct in-depth exchanges with investors on matters related to the issuance of A-shares to specific targets. The meeting website is the Shanghai Stock Exchange Roadshow Center. This investor briefing comes at a time when the Big Four are planning to issue A-shares to specific targets to raise funds to replenish core tier-one capital. Among them, CCB plans to raise up to RMB105 billion, with the net proceeds, after deducting issuance expenses, fully allocated to supplement its core Tier 1 capital. BOC aims to raise a total of up to RMB165 billion, with the net proceeds, after expenses, directed toward bolstering its core Tier 1 capital. BANKCOMM will raise up to RMB120 billion, with the funds earmarked for supplementing its core Tier 1 capital. PSBC targets RMB130 billion in fundraising, with the net proceeds, after deducting related issuance costs, to be used to enhance its core Tier 1 capital. AAStocks Financial News |
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