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» China Merchants Bank's board has approved a plan to raise 15-18 billion yuan via a rights issue to supplement core capital and raise its capital adequacy ratio.
» In an August 13 statement to the Shanghai Stock Exchange,chaussure louboutin, the bank said it plans to issue up to 3.1 billion new A shares and 692 million H shares. Shareholders will be able to buy two shares for every 10 held.
» China Merchants Bank is the country's fifth-largest commercial bank by market value.
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