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Industrial Bank Co Ltd (601166.SS)

601166.SS on Shanghai Stock Exchange

15.47CNY
19 Oct 2018
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Wed, Jun 6 2018

China Hongqiao inks $4.7 billion financing deal with Industrial Bank

BEIJING China Hongqiao Group , the world's biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan (3.51 billion pounds) as it looks to upgrade its manufacturing facilities.

China Hongqiao inks $4.7 bln financing deal with Industrial Bank

BEIJING, June 6 China Hongqiao Group, the world's biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan ($4.7 billion) as it looks to upgrade its manufacturing facilities.

BRIEF-Industrial Bank's Q1 Net Profit Up, To Issue Preference Shares In Private Placement

* SAYS IT PLANS TO ISSUE UP TO 300 MILLION DOMESTIC PREFERENCE SHARES IN PRIVATE PLACEMENT, TO RAISE UP TO 30 BILLION YUAN ($4.76 billion) TO REPLENISH CAPITAL Source text in Chinese: https://bit.ly/2HVMMjm; https://bit.ly/2FepDFM Further company coverage: ($1 = 6.3041 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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