Fangda represented Bank of Ningbo Co., Ltd in connection with the shares allotment to its original shareholders
Tell others about this press release
The press releases published in this section have been uploaded by law firms. Their content has not been appraised or edited by Law.asia, and no responsibility is taken for the accuracy of the information they contain or any misrepresentation therein. For our independent editorial content, please visit our homepage.
Fangda Partners represented the issuer, Bank of Ningbo Co., Ltd (002142.SZ), in connection with the shares allotment to its original shareholders. The allotment of shares was based on the issuer’s total share capital of 6,008,016,286 as of November 23, 2021. On the basis of one share for every ten shares, the total number of allotment shares available shall be 600,801,628. The issue price was set at RMB19.97/share. The final number of shares effectively subscribed by the original shareholders is 595,574,506, and the subscription amount is RMB 11,893,622,884.82. The allotment has successfully been completed on December 2, 2021. The firm’s team was led by corporate partner Xueyan Jiang.
Join our mailing list for legal news and alerts
Sign up