Bank of Guiyang Co., Ltd. announced that it expects to receive CNY 5 billion in funding
March 05, 2017
Share
Bank of Guiyang Co., Ltd. (SHSE:601997) announced a private placement of at most 50,000,000 preferred shares at a price of CNY 100 per share for gross proceeds of not more than CNY 5,000,000,000 on March 6, 2017. The transaction will include participation from not exceeding 200 investors. The transaction has been approved at the 1st session of the 3rd directorate meeting of 2017 and is further subject to be approved at its 1st special shareholders' meeting of 2017 on March 22, 2017.
BANK OF GUIYANG CO., LTD. is a China-based commercial bank. The main business of the company concludes corporate financial business, personal financial business, capital business and others. Corporate financial business contains deposit, settlement, cash management, fixed assets loan, and other services for government and related department, corporate, as well as financial institutions. Personal financial business contains loan, deposited, debit card, settlement, and other services. Capital business means bond investment, investment, as well as deposit and credit extension within the industry. Other business contains investment bank business, trade financing, and among others. The Company runs its business mainly in Guiyang.
BANK OF GUIYANG CO.,LTD. 
