www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Central Huijin bails out Everbright bank

By Mao Lijun (China Daily)
Updated: 2007-11-08 07:38

Central Huijin Investment Co Ltd, a subsidiary of China Investment Corp (CIC), said it will buy a 70.92 percent stake in China Everbright Bank (CEB) at 1yuan per share.

Central Huijin will take control of CEB, China Everbright Group's banking unit, with a 20 billion yuan capital injection by the end of this month.

The bailout will lift CEB's core capital adequacy ratio to above 5 percent and pave the way for the entry of strategic investors, allowing the bank to hold an initial public offering (IPO) in Hong Kong and on the mainland A-share market.

"The restructure plan will be further discussed by and is subject to approval from the board and shareholders," Tang Shuangning, chairman of China Everbright Group, a State-owned financial conglomerate, said Wednesday. "We expect to finish the meetings next week and most likely the plan will be passed by the board and shareholders."

The bank is also preparing to introduce strategic investors ahead of a planned Hong Kong listing this year or early next year, Tang said.

Earlier media reports said the bank could raise at least $1 billion in its IPO.

The lender is a target for foreign investors given its low share price and scale in the country.

"We will reserve a 20 percent stake for foreign strategic investors and we would like to select investors who can hold a stake in the bank for a long time," said Lin Li, a board member of China Everbright Group.

The bank has hired China International Capital Corp and Morgan Stanley to find one to three strategic investors, but asset restructuring is a stumbling block for the process.

Bad assets and the lender's complicated shareholding structure have made the bank's restructure a difficult process.

The bank is 24.16 percent-owned by China Everbright Group and 21.4 percent-owned by Hong Kong-listed China Everbright Ltd.

The bank's non-performing loans ratio stood at over 6 percent at the end of 2006. Its net profit was 3.97 billion yuan at the end of September.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 伊人久久影视 | 国内视频一区 | 草视频在线观看 | 国产成人精品久久一区二区小说 | 国产伦久视频免费观看视频 | 免费一级欧美毛片 | 欧美老妇b | 一本色道久久88加勒比—综合 | 成人午夜久久精品 | 艳女伦交一级毛片 | 美女双腿打开让男人桶爽网站 | 欧美亚洲国产精品久久久 | 久草网址| 中文字幕亚洲精品第一区 | 最新亚洲精品国自产在线观看 | 失禁h啪肉尿出来高h健身房 | 色老头一区二区三区在线观看 | 成人自拍视频网站 | 国产一级内谢a级高清毛片 国产一级片毛片 | 久久久国产精品免费 | 亚洲日本激情 | 久久亚洲成a人片 | 一二三区视频 | 亚洲美女aⅴ久久久91 | 香蕉香蕉国产片一级一级毛片 | 国产一区二区三区欧美 | 欧美日韩亚洲综合在线一区二区 | 九九久久免费视频 | 亚洲综合久久久久久888 | 亚洲欧美成人综合久久久 | 日韩欧美高清在线观看 | 欧美在线观看不卡 | 国产精品欧美亚洲韩国日本 | 91精品免费看 | 亚洲乱强 | 99久久精品6在线播放 | 欧美一级高清在线观看 | 国产精品v欧美精品v日本精 | 女人张开腿 让男人桶视频 女人张开腿等男人桶免费视频 | 一区二区不卡在线 | 国产精品国产亚洲精品看不卡 |