Following the November 2009 listing of H shares and subordinated debt issued in September 2010, the Minsheng Bank board of directors to seven companies to 4.57 yuan per share non-public offering price of A shares, not more than 21.479 billion yuan is expected to finance.
Shi Yuzhu, Mr Liu and Lo Chi-keung, respectively spend 6.5 billion, 30 billion and 2.2 billion to join in, more than half of the finance amount.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main layout
money is plotting a new person in charge of Minsheng Bank, and the China Banking Regulatory Commission issued a more prudent policy of capital regulation, resulting in Minsheng Bank still faces great pressure on the capital needed to refinance.
1 7 January, the fifth Board of Minsheng Bank Fourteenth Meeting held in Beijing on way to the scene. Conference adopted a resolution to take the way of non-public offering issued to a particular object than 47 million new shares, issue price of 4.57 yuan, Minsheng Bank A is the 20 trading days before the trading price of shares of 90%.
Shi Yuzhu special life's Shanghai Jian Technology Co., Ltd., Lo Chi-keung's Asia Standard Holdings Group Ltd. of China, Mr Liu's Sichuan South Hope Industrial Co., Ltd., China Life Insurance Co., Ltd., China Shipowners Mutual Protection Association, Jiangsu Rongsheng Investment Group Limited and Huatai Automobile Group Co., Ltd. and other organizations will participate in seven non-public offering of the Minsheng Bank, respectively, to subscribe for 142,400 shares, 119,000 shares, 66,000 shares, 50,000 shares, 16,000 million shares, 50,000 shares and 26,600 shares. Among them, the top five institutions for the Minsheng Bank existing shareholders.
Minsheng Bank official said, from the prudential supervision to meet the requirements of regulatory bodies and maintain the healthy development of their own business considerations, Minsheng Bank decided to refinance; from the cost, time and uncertainty comprehensively consideration, the Minsheng Bank re-financing options the way of non-public offering.
announcements, Minsheng Bank the financing proceeds, net of issuing expenses used to supplement core capital after all. The bank has signed a subscription agreement the object of the issue, this issue of shares issued since the end of 36 months from the date shall not be transferable.
The Minsheng Bank issued A shares closed still need to get China Banking Regulatory Commission, the Commission and the company Extraordinary General Meeting for approval.
2010 years, along with the bank's capital adequacy ratio and a higher risk of management requirements. The face of increasing regulatory capital requirements of listed banks in 2010 after another on a large scale refinancing.
as of June 30, 2010, Minsheng Bank's capital adequacy ratio was 10.77%, core capital adequacy ratio was 8.32%, in 16 listed banks ranked 11th, has been close to the regulatory capital adequacy requirements of the critical point.
CITIC Securities recently issued a research report that if the Minsheng Bank to refinance 20 billion yuan, about 2,000 billion loan to support growth.
Minsheng Bank is expected that the refinancing is completed, no increase in the regulatory requirements under the premise, at least the next two years to meet core capital requirements.
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