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  1. BOC profit surges 41pc amid lending spree

    Posted Apr 28th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Bank of China, the nation's third-largest lender by market value, said first-quarter profit surged 41 per cent from a year ago on credit expansion and increases of fee services. Net earnings totalled 26.2 billion yuan (HK$29.7 billion), or 10 fen per share, in line with analysts' forecasts. The lender's subsidiary, BOC Hong Kong (Holdings), ...

  2. BOC gets nod to sell bonds to raise 40b yuan

    Posted Jun 01st 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Bank of China has received approval to sell 40 billion yuan (HK$45.65 billion) in convertible bonds on the Shanghai Stock Exchange this week, a sign that the nation's third-largest lender is hungry for cash to boost its capital ...

  3. HK$18.4b stake sale ends RBS ties with BOC

    Posted Jan 14th 2009, 12:00am by Staff Reporter

    ... old BOC shares through partly owned RBS China at HK$1.68 to HK$1.71 per share, a sale document obtained by fund managers said. The price range is at a discount of as much as 9.19 per cent ... would reap a return of at least 48 per cent or HK$5.9 billion in disposal gains from the stake in BOC, which it acquired in August 2005, just 10 months before the mainland bank listed in Hong ...

  4. BOC and Lenovo investors place shares worth HK$1.17b

    Posted Jul 22nd 2008, 12:00am by Staff Reporter

    ... million BOC shares to institutional investors in a range of HK$3.38 to HK$3.47 each, according to a sales note given to fund managers. The offering translated into a discount of as little as 1 per ... the placement was launched to end 1.77 per cent higher than the previous close. 'I have no interest in [a BOC share sale]. There is plenty of negative news about mainland lenders regarding risk ...

  5. Citigroup seeks BOC offer mandate

    Posted Jul 01st 2005, 12:00am by Staff Reporter

    ... for the planned US$5 billion international share offer by Bank of China (BOC). The development appeared to confirm the United States investment bank's exclusion from the rival offering of China ... Lynch, UBS, Goldman Sachs, Deutsche Bank, JP Morgan and Bank of China International (BOCI), BOC's own offshore investment banking unit. The mainland's second-largest bank may select up ...

  6. Analysts lift BOCHK outlook

    Posted Jan 08th 2004, 12:00am by Christine Chan

    ... Analysts have upgraded the earnings outlook for BOC Hong Kong (Holdings) (BOCHK), a day after Beijing said it would pump US$22.5 billion into its parent, Bank of China (BOC). Fellow Big ... and by 8 per cent to $10.5 billion next year. The target price was lifted to $17.10. 'The capital injection should be more than enough to restructure the BOC group,' said Tracy Yu, a banking ...

  7. SFC seeks trading ban on Tiger Asia

    Posted Apr 27th 2010, 12:00am by Enoch Yiu

    ... the transactions to compensate any affected investors or companies. The SFC said yesterday it had expanded the application to freeze assets to include the HK$8.6 million profit made in the BOC transaction, ... of BOC shares by UBS on December 31, 2008, and by Royal Bank of Scotland in January 13 last year. In both cases, Tiger Asia was provided with details of both placements after being told ...

  8. Bank of China shares dip 0.88pc on rights issue

    Posted Jul 06th 2010, 12:00am by Staff Reporter

    ... to as much as US$45.6 billion after they extended record loans last year to support a government-led stimulus plan. As the nation's largest foreign exchange lender BOC was hit hardest ... and Wanguo Securities, after attending an analyst teleconference with the lender yesterday. Although BOC said in March that it would make an issue of up to 20 per cent of existing H shares, many ...

  9. Central China pursues US$200m IPO amid weak property sentiment

    Posted May 15th 2008, 12:00am by Staff Reporter

    ... bank BOC International is assisting in the deal. The developer, which started meeting fund managers yesterday, hoped to begin the formal roadshow as soon as it received a solid response from ... developers on the mainland are trading at an average discount of 30.6 per cent to their NAV, according to BOC International. The past two years has been a tough time for mainland property developers ...

  10. HKAB to monitor yuan dealing

    Posted Jan 10th 2004, 12:00am by Staff Reporter

    ... offer underwriting services to those seeking listings in Hong Kong.' Meanwhile, Standard Chartered has sold its entire holding of 45.4 million shares in BOC Hong Kong (Holdings) for $670 ... stocks has never been part of our growth strategy. We bought the shares in 2002 to show our support for BOC's listing in Hong Kong. 'The selling has nothing to do with whether we ...




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