Bloomberg News

CSRC Approves Minsheng Bank to Issue Up to 1.65 Billion H Shares

February 26, 2012

Feb. 23 (Bloomberg) -- China Minsheng Banking Corp., the nation’s first non-state lender, said the China Securities Regulatory Commission approved its plan to issue new H shares. The agency approved the issuance of no more than 1.65 billion new shares, the company said in a statement to the Hong Kong stock exchange today.

Minsheng said in February 2011 it planned to raise as much as 29.4 billion yuan by selling shares and convertible bonds to boost its capital adequacy ratio.

Link to Statement:{NSN LZUHEO3PR6RM <GO>}

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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