CITIC Bank Plans 26 Bln Yuan Rights Issue

(Beijing) -- China CITIC Bank plans to raise up to 26 billion yuan through a share issuance in an aim to supplement core capital to meet regulatory requirements.

The bank will issue two rights shares for every 10 shares held at 3.33 yuan a share for both its Shanghai-listed A-shares and Hong Kong-listed H-shares. The total issuance is about 7.8 billion shares, including 5.3 billion A-shares and 2.5 billion H-shares.