CMB seeks to raise $5.68 billion in rights issue

China Merchants Bank, the country's sixth-biggest bank by assets, outlines plan for an A-share and H-share rights issue to boost its capital buffers after a period of unsustainable loan growth.

The rights issue follows an unsustainable expansion of the bank’s balance sheet during the second quarter, say analysts.

Alison Tudor-Ackroyd

August 23, 2013

China Merchants Bank (CMB) said it aims to raise $5.68 billion via an A-share and H-share rights issue to fatten its capital buffers.

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