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BRIEF-Bank of Chongqing says it plans to conduct non-public issuance of offshore preference shares
March 21, 2017 / 1:11 PM / 5 months ago

BRIEF-Bank of Chongqing says it plans to conduct non-public issuance of offshore preference shares

March 21 (Reuters) - Bank Of Chongqing Co Ltd

* Bank plans to conduct a non- public issuance of not more than 50 million offshore preference shares to raise proceeds not exceeding rmb5 billion

* Issuance of offshore preference shares will be conducted by way of a private placement

* Net proceeds from issuance of offshore preference shares will be used to replenish bank's additional tier 1 capital. Source text for Eikon: Further company coverage:

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