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CHINA MINSHENG BANKING CORP., LTD (600016)Mixed Capital Bond Issue ApprovedAt the 22nd Meeting of the 4th Board of Directors, held on 3 Nov 2008, the following proposals were examined and approved: 1. to issue mixed capital bondsThe company plans to issue up to RMB 5 bln worth of unsecured mixed capital bonds at face value of RMB 100 on the interbank market. The 15-year bonds are callable and will be paid at either fixed or floating interest rates. 2. special mandates within the amount limit of the bond issuance 3. the use of funds raised through the bond issuance and an assessment of the feasibility of the use of the funds 4. to extend the validity of a resolution to issue convertible bonds with detachable warrants by 12 months 5. to dispose of 380,914,014 shares in Haitong Securities Co., Ltd. in compliance with relevant rules of certain supervisory departments 6. to establish the China Minsheng Bank Public Donations Fund 7. to expend RMB 360,710,000 to acquire the No. 6 Building of the Chengdu Xinxingzheng Center as an office block for the company's Chengdu branch. The board of directors plans to convene the 2nd 2008 Extraordinary General Meeting of Shareholders in the morning of 20 Nov 2008 to examine the above-mentioned proposals. Board of Directors 4 Nov 2008 Source: Shanghai Stock Exchange Date: 4 Nov 2008 CN01/DC/LZ/JE/KM |
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