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Minsheng Bank to issue preferred stocks to raise RMB20 bln

BEIJING
2015-12-14 10:55

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China Minsheng Banking Corporation Limited (600016.SH) announced on last Friday that it plans to issue a maximum of 200 million preferred stocks via private placement, expecting to raise 20 billion yuan in total. According to a company filing, the proceeds will be used to replenish the tier-1 capital of the company.

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