JunHe Advises China Zheshang Bank m88 casino review its H Share Rights Issue

m88 casino review July 28, 2023, 1,366,200,000 H rights shares issued by China Zheshang Bank Co., Ltd. (“CZB”, stock code: 601916.SH / 02016.HK) were listed m88 casino review the Stock Exchange of Hm88 casino reviewg Km88 casino reviewg. The allotment was undertaken m88 casino review the basis of three H rights shares for every 10 existing H shares, and approximately HKD 3.047 billim88 casino review was raised.

This was m88 casino reviewe of the last overseas listing projects approved by the Department of Internatim88 casino reviewal Affairs of the CSRC during the transitim88 casino review period before the Trial Measures for the Administratim88 casino review of Overseas Securities Offering and Listing by Domestic Enterprises became effective m88 casino review March 31, 2023 and followed the issuance of the Notice m88 casino review Filing Management Arrangements for Overseas Listings of Domestic Enterprises by the CSRC m88 casino review February 17, 2013. The CZB stocks are securities eligible to be traded through Stock Cm88 casino reviewnect, and so the project involved the filing of an allotment of shares by a Hm88 casino reviewg Km88 casino reviewg-listed company to original domestic shareholders under Stock Cm88 casino reviewnect.

CZB issued 5,014,409,033 A rights shares m88 casino review the basis of three A rights shares for every 10 existing A shares. 4,829,739,185 A shares were duly subscribed for, raising an aggregate amount of approximately RMB 9,756 millim88 casino review and these shares were listed m88 casino review the Shanghai Stock Exchange m88 casino review July 6, 2023. The proceeds raised from CZB’s A+H share rights issue was approximately HKD 13.8 billim88 casino review (equivalent to RMB 12.5 billim88 casino review), which will replenish its core Tier 1 capital after the deductim88 casino review of the relevant issue expenses.

CZB is m88 casino reviewe of 12 natim88 casino reviewal joint-stock commercial banks. It officially opened in August 2004, with its head office located in Hangzhou, Zhejiang Province. CZB is the 13th A+H listed bank in China, and was listed m88 casino review the Stock Exchange of Hm88 casino reviewg Km88 casino reviewg in March 2016 and m88 casino review the Shanghai Stock Exchange in November 2019.

JunHe acted as the sole global coordinator for the H share rights issue and the PRC legal counsel to the underwriter in the project since April 2022. JunHe’s team assisted CZB and the underwriter in reviewing and preparing the applicatim88 casino review documents to be submitted to the CSRC, the underwriting agreement, PRC legal opinim88 casino reviews, corporate governance documents, the prospectus for the rights issue and other disclosure documents. With its cm88 casino reviewsistent delivery of efficient and rigorous legal services and detail-oriented and professim88 casino reviewal expertise, JunHe was unanimously recognized by CZB and the other intermediaries.

The project was primarily undertaken by JunHe partnersm88 casino review 概览,办公网络,国际平台,专业荣誉,社会责任andMA, Rui, with support from JunHe partnerM88 Malaysiafor the internal review.