Brief: Huishang Bank Approves Non-Public Issuance Of Domestic Shares
20/08/2020 16:08
Aug 20 (Reuters) - Huishang Bank Corp Ltd 3698.HK :
* PASSED RESOLUTION PROPOSING ISSUANCE OF NOT MORE THAN 1.56
BILLION AND 176 MILLION DOMESTIC SHARES TO DIFM AND ANHUI
TRANSPORTATION HOLDING
* BANK AGREED TO ISSUE 1.74 BILLION DOMESTIC SHARES AT
SUBSCRIPTION PRICE OF RMB5.703 PER SUBSCRIPTION SHARE TO
SUBSCRIBERS
* -NET PROCEEDS FROM NON-PUBLIC ISSUANCE WILL BE ABOUT
RMB9.89
BILLION
Source text for Eikon: ID:nHKS8xcGqB
Further company coverage: 3698.HK
((Reuters.Briefs@thomsonreuters.com;))
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