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BRIEF-China Merchants Bank entered into subscription agreement with Cosco Shipping Financial
March 24, 2017 / 3:06 PM / 8 months ago

BRIEF-China Merchants Bank entered into subscription agreement with Cosco Shipping Financial

March 24 (Reuters) - China Merchants Bank Co Ltd :

* Company entered into subscription agreement with cosco shipping financial

* Co proposes to conduct a non-public issuance of preference shares in domestic and offshore markets with an aggregate size of not more than RMB35 billion

* Cosco shipping financial proposes to subscribe for no more than 5 million offshore preference shares under this issuance

* Pursuant to subscription agreement, cosco shipping financial proposes to subscribe for preference shares , with a total amount of no more than rmb500 million Source text for Eikon: Further company coverage:

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