Xiamen International Bank Co., Ltd. announced that it expects to receive CNY 179.526987 million in funding from Fujian Expressway Development Co.,Ltd
Xiamen International Bank Co., Ltd. announced that it has signed a capital increase agreement for a private placement of 31,718,549 shares at a price of CNY 5.66 per share for gross proceeds of CNY 179,526,987.34 on October 30, 2020. The transaction will include participation from returning investor Fujian Expressway Development Co.,Ltd (SHSE:600033). The transaction has been approved by investor's fourteenth meeting of the eighth session of its board of directors and does not need it's shareholders approval.