BOC rights issue subscription ratio reaches 99.57%

11th, the Bank of China (601988) issued a notice, as at November 9, BoC A-share of the effective subscription number of 17.706 billion shares, the subscription amount of 41.786 billion yuan, accounting for the shares of the total share of 99.57%. Analysts point out that with the full subscription of large shareholder Huijin, BOC's allotment should be expected.　　According to statistics, the implementation of a rights issue in the bank shares, Societe Generale, China Merchants Bank, Bank of Communications rights of the participation rate is lower than the BOC rights issue. The announcement said that the shares of the share rights to the November 2 after the close of the Bank of China, a share of the total share capital of 177.819 billion shares, according to each 10 shares with 1.0 shares of the allocation.　　Bank of China's original A-share shareholder in accordance with the price of 2.36 yuan per share, can be subscribed to less than 1 shares in accordance with the principle of accurate algorithm to complete. Analysts said that after the completion of the rights issue, BOC's core capital adequacy ratio will be further enhanced, it is expected that after the completion of the rights two will not carry out share financing.　　As of the three quarter, BOC's core capital adequacy ratio was 9.35%, up 0.28% from the end of last year. In addition, BOC said in a notice, because of this share rights, the Bank of China's transfer of debt to the share price from November 16, 2010 RMB 3.88/share adjusted to RMB 3.78 yuan/share.