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The large commercial bank (the “Bank”) established in 1988, is one of the first joint-stock commercial banks in Mainland China. The Bank has set up 46 branches and 873 business offices in 25 provinces and the Hong Kong and Macao Special Administrative regions, including Beijing, Shanghai and Guangdong. It has established SWIFT relations with more than 1,200 financial institutions in more than 100 countries and regions around the world, providing quality and comprehensive financial services to more than 300,000 corporate customers, more than 42 million individual customers, more than 81 million credit card customers and more than 46 million mobile financial customers.
The Bank's business scope is: taking deposits from the public; issuing short-term, medium-term and long-term loans; handling domestic and foreign settlement; handling acceptance and discount of bills; issuing financial bonds; acting for issuing, paying and underwriting government bonds; buying and selling government bonds, financial bonds and other securities; engaging in interbank lending; other businesses approved by the China Banking Regulatory Commission.
As of December 31, 2020, the Bank’s assets totaled US$ 3.028 trillion, realized operating income of US$ 12.35 billion and a net profit of US$ 2.12 billion.
The amount of funds to be raised shall not exceed US$ 6.134 billion.
The proportion of shares or the number of shares corresponding to the funds to be raised shall not exceed 4.7 billion shares.
The number of investors to be solicited: to be determined.
Enterprise ownership structure after capital increase: after the completion of this capital injection, the total shareholding ratio of the original shareholders shall not be less than 80% of the total share capital after the additional offering, and the total shareholding proportion of the new shareholders shall not exceed 20% of the total share capital after the additional offering. Subject to the final result of the capital injection approved by the regulatory authority.
The purpose of the raised funds: after deducting the relevant expenses, all the raised funds shall be used to supplement the core first-tier capital of the financing party.
The Bank is a large national commercial bank with branches around China. The Bank is not listed at present, and there is a possibility of going public in the future. Investors who want to enter China's financial market may consider participating in this capital injection project.
Serious buyers are welcome. Anyone who sends false inquiry will be backlisted and reported.
Please be noted: The Bank is located in Mainland China (The People’s Republic of China). Any interested party needs to show proof of funds and locks up the funds for purchase purpose. The above information is for reference only and does not constitute the final transaction conditions. Potential buyers need to sign brokerage service contract with us. We will help successful buyers to set up investment entity to meet the Chinese laws and regulations and go through the formalities of the merger and acquisition in China.
It is a large national commercial bank and it has a possibility to go public in the future.
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