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SHA:601328

9 stories mentioning SHA:601328

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Asia

Shijiazhuang's Subsidiary Signs 150 Million Yuan Loan Agreement; Shares Down 3%

Shijiazhuang Shangtai Technology's (SHE:001301) subsidiary, Shangtai (Hong Kong), entered into a loan agreement with the Hebei branch of Bank of Communications (SHA: 601328; HKG: 3328) for 150 million yuan, according to a Shenzhen bourse filing on Friday.The loan will be used for working capital and carries a credit period of 12 months.Shijiazhuang will serve as a guarantor for the loan, with a maximum guaranteed claim of 155 million yuan.Shares of the lithium-ion battery anode material manufacturer fell 3% in afternoon trading.

HKG:3328SHA:601328SHE:001301
Asia

Bank of Communications Issues 40 Billion Yuan of Tier 1 Capital Bonds

Bank of Communications (SHA:601328, HKG:3328) completed the issuance of 40 billion yuan of its tier 1 capital bonds on Monday, according to a Tuesday filing with the Shanghai Stock Exchange.The bonds have a coupon of 1.94% for the first five years, adjustable every five years, with a conditional redemption option on each interest payment date from year 5 onwards, the bank said.

HKG:3328SHA:601328
Asia

Zhuzhou Smelter Pays Off 1.5-Billion-Yuan Loan

Zhuzhou Smelter (SHA:600961) fully repaid its 1.5-billion-yuan entrusted loan, according to a Saturday filing with the Shanghai bourse.The smelting company signed the loan with Hunan Nonferrous Metals Holding Group and Bank of Communications (HKG:3328, SHA:601328).Proceeds from the loan helped beef up working capital.

HKG:3328SHA:600961SHA:601328
Asia

Kunshan Huguang Auto Harness Redeems Wealth Management Products at Maturity

Kunshan Huguang Auto Harness (SHA:605333) redeemed three wealth management products purchased by the company upon maturity, according to a Tuesday disclosure to the Shanghai bourse.The company redeemed 50 million yuan from a wealth management product from CITIC Bank (HKG:0998, SHA:601998) and 120 million yuan each from two products linked to Bank of Communications (HKG:3328, SHA:601328).

HKG:0998HKG:3328SHA:601328SHA:601998SHA:605333
Asia

Bank of Communications Raises 50 Billion Yuan for Stronger Loss-Absorbing Capacity

Bank of Communications (SHA:601328) raised 50 billion yuan via the issuance of four-year bonds to boost loss-absorbing capacity.The bonds carry a coupon rate of 1.75%, according to a weekend filing with the Shanghai bourseShares of the bank were down 1% Monday.

SHA:601328
Asia

Bank of Communications Sells 50 Billion Yuan Bonds

Bank of Communications (HKG:3328, SHA:601328) completed the issue of 50 billion yuan of fixed-rate bonds on Friday, according to a same-day filing with the Hong Kong bourse.The bonds carry a coupon rate of 1.75% and will fall due in four years.The lender will have a conditional redemption right at the end of the third year.The bank will use proceeds to improve its total loss-absorbing capacity.

HKG:3328SHA:601328
Asia

Bank of Communications' Profit Rises 3% in Q1

Bank of Communications (HKG:3328, SHA:601328) posted net profit attributable to shareholders of 26.2 billion yuan for the first quarter, up 3.1% from 25.4 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share climbed to 0.30 yuan from 0.34 yuan a year earlier.Net interest income rose 7.2% to 45.7 billion yuan from 66.4 billion yuan in the prior-year period.

HKG:3328SHA:601328
Asia

Bank of Communications Sells 40 Billion Yuan Bonds

Bank of Communications (HKG:3328, SHA:601328) completed the issue of 40 billion yuan of 1.97% bonds falling due in 10 years, according to a Monday Hong Kong bourse filing.The lender has a conditional redemption right at the end of the fifth year.The bank will use proceeds to supplement its tier-2 capital.

HKG:3328SHA:601328
Asia

Jiu Rong Unit Receives Court Summons in Loan Dispute

Jiu Rong Holdings (HKG:2358) said its Hangzhou Lu Yun Property unit became the subject of a financial loan contract dispute initiated by the Bank of Communications (HKG:3328, SHA:601328), according to a Hong Kong bourse filing Monday.Shares of the TV maker fell nearly 8% in morning trade Tuesday.The group said the unit had received a written court summons and a notification of response to action by the Hangzhou Shangcheng District People's Court. A court hearing is scheduled to begin on May 13.The company's unit had previously failed to repay 3.5 million yuan of a 49 million yuan loan, prompting the action by the Bank of Communications.The lender is demanding repayment of 49 million yuan and 216,542 yuan in accrued interest.The bank is also seeking a court order to receive priority rights over the proceeds from the sale of 31 mortgaged real estate properties owned by the group.Jiu Rong said it is seeking legal advice on the matter and would work with the plaintiff to explore the possibility of reaching a settlement.The firm warned that the new lawsuit may exacerbate its existing liquidity constraints associated with other litigation, which have already resulted in the freezing of the company's bank deposits amount to 12.7 million yuan.

HKG:2358HKG:3328SHA:601328