[ET Net News Agency, 14 November 2018] Zhongyuan Bank Co., Ltd. (01216) announced that
it proposes to issue non-cumulative perpetual offshore preference shares of US$1.395
billion, at the rate of 5.6% per annum. The initial conversion price is HK$2.47 per H
share, a premium of 7.39% over the closing price of yesterday.
The bank expects that the gross proceeds will be RMB9.71 billion. The net proceeds will
be RMB9.66 billion, which will be used to replenish the bank's additional tier 1 capital.
(RC)