Source:
https://scmp.com/article/735109/minsheng-placement-taps-shareholders-215b-yuan

Minsheng placement taps shareholders for 21.5b yuan

China Minsheng Banking Corp is looking to raise 21.5 billion yuan (HK$25.21 billion) through a private placement of A shares to boost its capital adequacy ahead of the expected introduction of higher capital requirements.

The Beijing-based lender said in a statement it would place 4.7 billion A shares to seven shareholders including China Life Insurance and Sichuan South Hope Industrial at 4.57 yuan a share, which represented a discount of 9.1 per cent to the stock's close of 5.03 yuan on Thursday.