Bank of Communications (03328.HK) has completed the issuance of A shares based on special authorization.
Zhtng Cijng APP News, Bank of Communications (03328.HK) announced that all the prerequisites of this issuance and share subscription agreement have been met according to the terms of the share subscription agreement and were completed on June 17, 2025. After the completion of this issuance, a total of 13.21 billion A shares, 538 million A shares, and 353 million A shares were respectively issued to the Ministry of Finance, China Tobacco, and Biel. The adjusted issue price per A share is RMB 8.51 (adjusted for the final dividend approved at the Bank's extraordinary general meeting held on April 8, 2025). According to this issuance, a total of 14.101 billion A shares will account for approximately 15.96% of the Bank's issued share capital after the completion of this issuance.
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