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HKG:1988

4 stories mentioning HKG:1988

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Asia

Sinomine Resource to Receive 300 Million Yuan in Guarantees from Subsidiary for Credit Facility; Shares Down 7%

Sinomine Resource Group's (SHE:002738) subsidiary, China Mining Resources (Jiangxi) New Materials, agreed to provide guarantees of up to 300 million yuan to the company for a credit facility of the same amount, according to a Shenzhen bourse filing on Saturday.The Chinese mining company's shares dipped 7% during Monday's afternoon trade.The company will apply the credit at China Minsheng Banking (SHA:600016, HKG:1988).The guarantee is valid for three years from the date the debt repayment obligation becomes due.

HKG:1988SHA:600016SHE:002738
Asia

China Minsheng Banking's Q1 Profit Slips 10%, Revenue Rises 3%

China Minsheng Banking's (SHA:600016, HKG:1988) net profit attributable to holders in the first quarter slipped 9.6% to 11.5 billion yuan from 12.7 billion yuan a year earlier, according to a Hong Kong bourse filing on Wednesday.The lender's Hong Kong shares dropped less than 5% and Shanghai shares slipped 1% at the close of Thursday's trade.Earnings per share fell year on year to 0.26 yuan from 0.29 yuan.Operating income rose 2.7% to 37.8 billion yuan from 36.8 billion yuan in the previous year.

HKG:1988SHA:600016
Asia

China Minsheng Banking's Profit Climbs 5.4% in 2025

China Minsheng Banking (SHA:600016, HKG:1988) recorded an attributable profit of 30.6 billion yuan in 2025, down 5.4% from 32.3 billion yuan a year prior, according to the lender's annual report filed with the Hong Kong bourse Monday.Earnings per share slipped to 0.63 yuan from 0.64 yuan in 2024.Operating income rose 4.9% to 139.7 billion yuan from 133.1 billion yuan in the prior-year period.The bank proposed a cash dividend of 0.53 yuan per 10 shares for the year, payable subject to shareholder approval.

HKG:1988SHA:600016
Asia

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

HKG:1988SHA:600016