Monday 17 December
Oct 2, 2017 @ 14:41

China Bank gets SEC nod for P8-B capital hike

 

The regulator has given its seal of approval for the bank’s increased capital stock.

China Banking Corp. said its planned capital hike has won the nod of the Securities and Exchange Commission (SEC).

In a disclosure, China Bank said the corporate regulator has approved the amendments to its articles of incorporation to accept the increase in the bank’s capital stock from P25 billion to P33 billion on Friday, Sept. 29.

The Bangko Sentral ng Pilipinas already approved the P8-billion increase in August, months after the bank owned by bilyonaryo Henry Sy announced such a plan back in May.

Please follow and like us:

Tags: , , , , ,

Related Stories
Asiabest Group, which was acquired by Tiger Resort Asia Ltd., proceeds with its tender offer
Bilyonaryo Manuel Villar-led Vista Land & Lifescapes Inc. has set the interest rates for its
US securities regulators on Thursday fined boxer Floyd Mayweather and music promoter DJ Khaled hundreds
Operatives of the Securities and Exchange Commission (SEC) and the Philippine National Police (PNP) arrested


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.