March 14, 2017 / 3:06 AM / 4 months ago

BRIEF-Ningbo Tech-bank raises 1.48 bln yuan in shares private placement

1 Min Read

March 14 (Reuters) - Ningbo Tech-bank Co Ltd :

* Says it raises totaling 1.48 billion yuan in shares private placement

* Says top shareholder Zhang Banghui's stake in co was diluted to 24.49 percent from 29.73 percent

* Wu Tianxing's stake in co was diluted to 14.76 percent from 17.92 percent

* ICBC's money trust raises stake in co to 4.77 percent from 0 percent

* Qi Liang raises stake in co to 4.20 percent

* Industrial Bank's money trust raises stake in co to 3.58 percent from 0 percent

Source text in Chinese: goo.gl/FK4Q0o

Further company coverage: (Beijing Headline News)

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