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BRIEF-China Merchants Bank says co, CM securities & CMFM entered into capital increase agreement
August 18, 2017 / 11:16 AM / 4 months ago

BRIEF-China Merchants Bank says co, CM securities & CMFM entered into capital increase agreement

Aug 18 (Reuters) - China Merchants Bank Co Ltd:

* CM Bank-connected Transaction

* Co, CM securities and CMFM entered into capital increase agreement

* Co & CM Securities will continue to hold 55 pct and 45 pct equity interest in CMFM, respectively

* Co and CM Securities to increase their capital contribution in China Merchants Fund Management of RMB1.1 billion

* Funding requirement for contributing to capital increase by co is not expected to have any material impact on co Source text for Eikon: Further company coverage:

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