Money

Securities watchdog to vet CCB, BOC rights plans

(Agencies)
Updated: 2010-10-19 11:06

China's securities regulator will review on Friday the proposals by China Construction Bank (CCB) and Bank of China (BOC) to sell new shares to their shareholders, the China Securities Regulatory Commission said on its website.

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China Construction Bank plans to raise about 75 billion yuan ($11.29 billion) from the rights offering and Bank of China is expected to raise about 60 billion yuan from its sale, media reports have said.