March 7, 2014 / 12:27 AM / 3 years ago

PHILIPPINES PRESS-China Bank plans $180 mln share sale - Inquirer

Philippine lender China Banking Corp is looking to raise 8 billion pesos ($180 million) in fresh capital via the sale of new shares to existing investors to pursue growth strategies while ensuring its capital adequacy level remains above the new Basel 3 requirements, the Philippine Daily Inquirer newspaper reported.

(link.reuters.com/dar47v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.5385 Pesos) (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

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