Brief: Huishang Bank Passes Resolution To Participate In Establishment Of Commercial Bank
07/01/2020 15:07
Jan 7 (Reuters) - Huishang Bank Corp Ltd 3698.HK :
* PASSED RESOLUTION, PROPOSING TO PARTICIPATE IN INITIAL
ESTABLISHMENT OF NEW PROVINCIAL LOCAL COMMERCIAL BANK
* ESTABLISHMENT OF NEW PROVINCIAL LOCAL COMMERCIAL BANK WITH
A
ONE-OFF CAPITAL CONTRIBUTION OF NO MORE THAN RMB3.6 BILLION
* SHAREHOLDING RATIO OF CO SHALL NOT EXCEED 15%
* PROPOSES NON-PUBLIC ISSUANCE OF DOMESTIC SHARES NOT
EXCEEDING
1.74 BILLION SHARES & H SHARES NOT EXCEEDING 695 MILLION SHARES
Source text for Eikon: ID:nHKS5LRWtx
Further company coverage: 3698.HK
((Reuters.Briefs@thomsonreuters.com;))
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