Industrial Bank to make private placement

Global Times Tuesday 6th March, 2012

Industrial Bank Co Ltd plans to directly sell 2.07 billion shares at 26.38 billion yuan ($4.18 billion) to institutional investors in a bid to meet the growing capital adequacy ratio, the company announced in a filing to the Shanghai Stock Exchange Tuesday.The announcement follows remarks made by Shang Fulin, president of the China Banking Regulato...

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