Bloomberg News

China Merchants Bank Receives CBRC Approval for Rights Offer

October 17, 2011

Oct. 17 (Bloomberg) -- China Merchants Bank Co. said it received approval from the China Banking Regulatory Commission for a planned rights offer, according to a statement to Hong Kong’s stock exchange today.

The bank will continue applying for approval from relevant domestic and offshore regulatory authorities, the statement said.

--Editor: Neil Western

To contact the reporter on this story: Fion Li in Hong Kong at fli59@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net


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