[ET Net News Agency, 29 April 2016] Chongqing Rural Commercial Bank (03618) said it
proposes to issue not more than 1,357 million A shares, representing about 12.73% of the
issued share capital of the bank.
All of the proceeds from the A share offering (after deduction of listing expenses) will
be used to replenish the bank's capital adequacy.
The Board proposes to apply for an initial public offering and listing of the bank's A
shares on the Shanghai Stock Exchange in order to further optimize the corporate
governance structure of the bank, develop domestic and international financing platforms
and enhance the liquidity of all shares held by the shareholders. (HL)
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IPO News
29/04/2016 10:34
CQRC Bank (03618) mulls A share initial public offering