Banks

China Citic Bank to subscribe stake in CTBC Financial Holding; China Citic Bank International to sell subsidiary

China Citic Bank Corp Ltd:China Citic Bank to subscribe 602,678,478 shares which representing a 3.80 pct stake of CTBC Financial Holding.China Citic Bank International to sell 100 pct stake of CITIC Bank International (China) Limited, at price of equivalence 2,353 mln yuan.

5:30am IST

Shanghai Pudong Development Bank to set up subsidiary

Shanghai Pudong Development Bank Co Ltd:Resolved to set up a wholly owned assets management subsidiary.

5:30am IST

CTBC Financial Holding to issue 2015 first series corporate bonds

CTBC Financial Holding Co Ltd:To issue 2015 first series unsecured corporate bonds up to T$15 bln, with a term of up to 15 years.Proceeds to be used for working capital supplement.Other details to be determined.

Tuesday, 26 May 2015

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