[ET Net News Agency, 26 March 2018] China Zheshang Bank (02016) said it agreed to place
759 million new H shares at HK$4.8 per share, representing a discount of about 1.84% to
the closing price of HK$4.89.
The placing shares represent around 16.67% and 4.05%, respectively, of the enlarged
issued H shares and the total issued share capital of CZ Bank.
The estimated net proceeds of about HK$3,615.2 million will be used to replenish the
core tier-one capital. (HL)