Minsheng Bank to issue H shares to be approved by CBRC

Minsheng Bank announced today (July 21) that the company received the approval of the China Banking Regulatory Commission, agreed to issue H shares and listed in Hong Kong, the raised funds used to supplement the company's capital, and agreed to the company into domestic and foreign shares and listed companies. According to the Minsheng Bank's previous announcement, Minsheng Bank issued the number of H shares does not exceed the issue of Minsheng Bank's total equity 15%, if the full exercise of the right to excess allocation, that is, CMBC H shares issued the total size will not exceed 3.818 billion shares.　　Yesterday's a-share closing price of 8.21 yuan, the fund-raising amount of about 31.3 billion yuan. Previous Minsheng Bank related executives have said that the specific size of the market will still depend on the situation, if not good, the issue of shares of the shares may also be issued after the issuance of Minsheng Bank's total equity 10%-12%.　　According to the bulletin, the funds collected in Hong Kong listed after deducting the issue fees, used to supplement the company's core capital, improve capital adequacy ratio, enhance the company's ability to resist risk and profitability. Minsheng Bank A shares today maintained a small volatility trend, a 0.24% decline throughout the day.