3 stories mentioning HKG:9677Updated 21h ago
Every FINWIRES story that references HKG:9677, newest first.
Weihai Bank (HKG:9677) completed the issue of 500 million yuan of bonds in the national inter-bank bond market.The bonds carry a coupon rate of 1.65% and will fall due in three years, a Monday bourse filing showed.The company plans to use proceeds for green industry projects.
Weihai Bank (HKG:9677) completed the issue of 500 million yuan bonds in the national inter-bank bond market.The bonds carry a coupon rate of 1.65% and will fall due in three years, according to a Monday bourse filing.The bank will use proceeds for green industry projects.
Weihai Bank (HKG:9677) is looking to raise as much as 493.5 million yuan through the issuance of up to 150 million shares, according to a Sunday Hong Kong bourse filing.The lender entered into a subscription agreement with Heng Yuan Holdings, which agreed to subscribe for the shares at 3.29 yuan apiece.The subscription price represents a premium of about 26% over the stock's last closing price and about 27% over the five-day average closing price.Net proceeds from the issuance will be used entirely to replenish the bank's core Tier 1 capital.Heng Yuan is owned by Shandong Hengyuan Petrochemical and indirectly controlled by the Linyi County Government State-owned Assets Supervision and Administration Bureau.
