Ministry of Finance, Huijin to Purchase 31.8 Billion Yuan of Shares in ICBC Rights Issue
Published:
2010-09-23
The Industrial and Commercial Bank of China (ICBC) released an announcement Tuesday stating that its two largest shareholders, the Ministry of Finance and the Central Huijin Investment Ltd. - an investment arm of the nation's sovereign wealth fund - will spend 31.81 billion yuan subscribing to the lender's planned rights issue. The rights issue will be implemented in proportion to their current holdings in the company.
Source
The Beijing News
Google Translation
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
- Zinjin Mining Group Responsible for Flood in Xinyi City?
- NDRC Denies Plans to Reduce Fuel Price Readjustment Period
- there's no limit to technology we bring to China
- We firmly oppose any country having nothing to do with the South China Sea issue getting involved in the dispute
- It's true, with a planned economy, you never have crises like this. Then again, you always remain poor
Popular
- ADVERTISING
- Interview with Sir Martin Sorrell - Chief Executiv...
- The EO sits down with the chief executive of the world's largest advertising group
Interactive
Multimedia
A look at Nanjing local government's controversial urban reconstruction project
E-paper
|
- EEO.COM.CN The Economic Observer Online
- Bldg 7A, Xinghua Dongli, Dongcheng District
- Beijing 100013
- Phone: +86 (10) 6420 9024
- Copyright The Economic Observer Online 2001-2011