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China Everbright plans up to RMB 30 billion offering of preferreds
By Marisa Wong
Madison, Wis., Nov. 3 – China Everbright Bank Co. Ltd. is proposing to issue up to RMB 30 billion of preference shares, according to a company announcement.
The preferreds will be issued at par of RMB 100 per share.
Proceeds will be used to replenish the bank’s tier 1 capital.
The financial services company is based in Beijing.
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