CCB rights offer 94.23% subscribed
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China Construction Bank Monday said in a filing to the Shanghai Stock Exchange that its rights offer of yuan-backed A shares was 94.23 percent subscribed.
The bank earlier said it plans to raise 61.7 billion yuan (US$9.2 billion) in the biggest rights offer in Asia this year as it joined its major state-owned rivals in raising funds. The stock resumed trading yesterday in Shanghai after having been suspended since November 5. The bank's shares lost 2.67 percent to 5.10 yuan at the close of trading in Shanghai yesterday.
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