Brief: Shengjing Bank Says Board Resolved To Conduct A Proposed Capital Increase

Shengjing Bank Co

22/04/2019 12:59

April 22 (Reuters) - Shengjing Bank Co Ltd  2066.HK :
    * BOARD RESOLVED TO CONDUCT A PROPOSED CAPITAL INCREASE BY
WAY OF
ISSUING NEW SHARES IN ORDER TO REPLENISH CORE CAPITAL BASE OF
BANK
    * UNDER PRELIMINARY RIGHTS ISSUE, PROPOSED SHARES WILL
OFFERED ON
BASIS OF UP TO 5.18 RIGHTS SHARES FOR EVERY 10 EXISTING SHARES
    * IF BANK CONSIDERS THAT RIGHTS ISSUE PLAN CANNOT PROCEED,
IT MAY
ALSO CONDUCT PLACING OF DOMESTIC SHARES AND H SHARES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS74wqtv
Further company coverage:  2066.HK 

 ((Reuters.Briefs@thomsonreuters.com;))