Chinas largest lender ICBC rights issue to boost capital base

Industrial and Commercial Bank of China (ICBC), China's largest lender by possessions links of london, said Thursday it will raise up to 45 billion Yuan (6.79 billion U.S. dollars) through a double rights issue in Shanghai and Hong Kong to increase its capital base links of london bracelet. ICBC's move to shore up its capital base came on the heels of China Construction Bank (CCB) and Bank of China (BOC), the country's second and fourth largest lenders by assets links of london earrings, in that order, raising funds in the same two markets via rights issue links of london sets. In a statement filed with the Shanghai Stock Exchange, ICBC said it will sell to A-share shareholders 0.45 new shares for every 10 existing shares at an inexpensive price through the issue from Nov. 16 to Nov. 22 links of london uk. In another declaration filed with the Hong Kong Stock Exchange, the dual-listed lender said it would present to H-share shareholders in Hong Kong 0.45 new shares for every 10 existing shares from Nov. 29 to Dec. 16 links of london keyrings. ICBC set its rights subject price at 2.99 Yuan per share for A-share shareholders, a 36.92 percent reduction from Wednesday's closing price links of london bracelets. The rights issue's new share are priced at 3.49 HK dollars per split for H-share investors in Hong Kong, a 47.36 percent discount from Wednesday's closing cost links of london jewellery

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