HK-listed Bank of Jinzhou falls on $1.05 bln share offering plan

Bank of Jinzhou Co

17/12/2018 02:01

** Shares of Bank of Jinzhou Co Ltd  0416.HK  fall 1.7 pct
after two straight sessions of gains 
    ** Chinese bank plans https://bit.ly/2EmSU4y to offer 1
billion new shares, raising net proceeds of at least HK$8.22
billion ($1.05 billion) to replenish core capital
    ** Lender plans to sell shares to third party investors at
HK$8.30 apiece, representing 9.93 pct premium over the previous
close 
    ** Stock has underperformed the Hang Seng Finance Index
sector  .HSNF  by 9.5 percentage points in the past one month
    ** Hong Kong benchmark index  .HSI  edges up 0.1 pct

($1 = 7.8142 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)