Brief: Huishang Bank Enters Deal To Jointly Establish New Commercial Bank In Inner Mongolia
19/03/2020 11:43
March 19 (Reuters) - Huishang Bank Corp Ltd 3698.HK :
* ENTERED AGREEMENT TO JOINTLY ESTABLISH NEW PROVINCIAL
BANKING
FINANCIAL INSTITUTION OPERATING IN INNER MONGOLIA AUTONOMOUS
REGION
* TOTAL CONTRIBUTION OF EACH PROMOTER OF NEW BANK SHALL BE
RMB24
BILLION
* BANK WILL SUBSCRIBE FOR 15% EQUITY INTERESTS IN NEW BANK
BY
MAKING CAPITAL CONTRIBUTION OF RMB3.6 BILLION IN CASH
* OF TOTAL CONTRIBUTION, RMB20 BILLION SHALL BE REGISTERED
CAPITAL
& REMAINING RMB4 BILLION SHALL BE INCLUDED IN CAPITAL RESERVES
Source text for Eikon: urn:newsml:reuters.com:*:nHKS826xDq
Further company coverage: 3698.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Huishang Bank
See all newsBrief: Huishang Bank Corp Posts 9M Net Profit RMB14,620 MLN
Brief: Huishang Bank HY Net Interest Margin 1.51%
Brief: Huishang Bank Posts FY Net Profit Attributable Rmb16,525 Million
Brief: Huishang Bank Corp Says Net Profit RMB16.93 Billion For FY
Brief: Huishang Bank Corp Ltd Posts 9M Net Profit RMB14,149 Million