| From Dow Jones: Industrial & Commercial Bank of China Ltd. plans to raise up to CNY45.0 billion from a rights issue has been approved by China's banking regulator. The Beijing-based bank said Sept. 20 its two largest shareholders, China's Ministry of Finance and Central Huijin Investment Ltd., an investment arm of the nation's sovereign wealth fund, pledged to subscribe to the lender's planned rights issue.
"The bank will proceed to other application procedures with domestic and overseas regulatory authorities pursuant to applicable laws and regulations," ICBC said in a statement..............................................Full Article: Source
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