Jiutai RCB eyes equity placements to shore up capital base

Jilin Jiutai Rural Commercial Bank is planning share sales to both onshore and offshore investors in a bid to boost its core tier one capital.

  • By John Loh
  • 13 Jul 2018

The Hong Kong-listed Chinese lender said in a filing on Thursday it hopes to issue up to 151.8m H-shares in a private placement, which could raise some HK$701m ($89m) based on its last traded price of HK$4.62 a share. Jiutai Rural Commercial has a market capitalisation of HK$18.4bn.

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