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.
Shanghai Pudong Development Bank Co Ltd:Resolved to set up a wholly owned assets management subsidiary.
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.
No related earnings announcements are currently scheduled within the next 7 days.