CMB seeks to raise $5.68 billion in rights issue

China Merchants Bank, the country's sixth-biggest bank by assets, outlines plan for an A-share and H-share rights issue to boost its capital buffers after a period of unsustainable loan growth.
The rights issue follows an unsustainable expansion of the bank’s balance sheet during the second quarter, say analysts.
The rights issue follows an unsustainable expansion of the bank’s balance sheet during the second quarter, say analysts.
August 23, 2013

China Merchants Bank (CMB) said it aims to raise $5.68 billion via an A-share and H-share rights issue to fatten its capital buffers.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media