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Ningbo Bank's preferred stock issuance plan OK'd

BEIJING
2015-06-03 14:58

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Ningbo Bank (002142.SZ) announced on Wednesday that its plan to issue no more than 500 million preferred shares had got the nod from China Banking Regulatory Commission (CBRC), the top banking regulator. The bank has planned to raise no more than five billion yuan from the preferred share issuance. The proceeds will be used to supplement the bank's first-tier capitals.

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