Bank of Communications boosts capital by over 14bn yuan with A share offering

Bank of Communications Co., Ltd. announced a notable change in its registered capital following the completion of an A share offering. The bank received approval from the National Financial Regulatory Administration to increase its registered capital by 14,101,057,578 yuan.

This increase stems from the offering of 14,101,057,578 A shares to a specified investor. Consequently, the bank's registered capital has risen from 74,262,726,645 yuan to 88,363,784,223 yuan, as outlined in an approval document.

The bank has amended its Articles of Association to reflect this change, with the updated document accessible on the websites of Hong Kong Exchanges and Clearing Limited and the Bank. Subsequent steps will include completing the registration of the capital change and other necessary procedures.