Bank of Jinzhou back with the begging bowl

The Liaoning-based lender proposes multiple fundraising plans to shore up its capital base just four months after its Hong Kong listing.

Bank of Jinzhou back with the begging bowl

Bank of Jinzhou, which completed its Hong Kong initial public offering in December last year, has hitched up to capital markets again with multiple fundraising proposals that together could raise as much as Rmb28.5 billion $4.4 billion.

The plan, published after the market close on Tuesday, includes a highly dilutive issue of 1 billion new shares in a private placement that could raise roughly HK$6 billion $773 million based on the bank’s...

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