FilingReader Intelligence
Bank of Communications plans $17.2bn share issuance
March 31, 2025 at 05:23 PM UTC•By FilingReader AI
Bank of Communications (SSE:601328) announced plans to issue no more than 13,777,267,506 A-shares to specific targets, including the Ministry of Finance, China National Tobacco Corporation, and China Double Dimensions Investment Corporation, to boost its core tier-one capital. The move aims to meet stricter regulatory requirements and support future business growth.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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