Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Bank of China Limited    601988   CNE000001N05

End-of-day quote. End-of-day quote  - 09/26
3.37 CNY   -0.88%
02:19p BANK OF CHINA : promotes RMB business in Los Angeles
11:58a Banks fight back in the consumer finance market
02:09a Banks fight back in the consumer finance market
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Temasek Raises US$2.48 Billion Through BOC, CCB Share Sales - Sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/03/2012 | 02:38am CEST

Singapore state-investment firm Temasek Holdings raised US$2.48 billion by selling portions of stakes it holds in Chinese lenders Bank of China Ltd. (3988.HK) and China Construction Bank Ltd. (0939.HK) via placements, people familiar with the situation said Thursday.

Temasek sold 3.079 billion shares in Hong Kong-listed Bank of China at HK$3.13 each, representing the bottom end of a indicative price range of HK$3.13 to HK$3.18, or a 4% discount to Bank of China's Wednesday closing price of HK$3.26.

Also, Temasek sold 1.6 billion Hong Kong-traded shares in China Construction Bank at HK$5.99 each, representing the bottom end of a indicative price range of a HK$5.99 to HK$6.10, or a 2.8% discount to the stock's Wednesday closing price of HK$6.16.

China Construction Bank is the nation's No. 2 largest lender by assets, while Bank of China is No. 4.

Temasek is subject to a 90-day lock-up period, meaning the company isn't allowed to sell shares in either bank during that time, according to term sheets seen by Dow Jones Newswires earlier. Bank of America Merrill Lynch and Morgan Stanley are handling the placements.

The Hong Kong-traded shares of Bank of China have risen 14% so far this year, while those of China Construction Bank are up 13.7%. Both banks are also listed in Shanghai.

-By Prudence Ho and P.R. Venkat, Dow Jones Newswires; 852-2802-7002; prudence.ho@dowjones.com, venkat.pr@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF CHINA LIMITED
02:19p BANK OF CHINA : promotes RMB business in Los Angeles
11:58a Banks fight back in the consumer finance market
02:09a Banks fight back in the consumer finance market
09/25 BANK OF CHINA : to expand operations in Cambodia
09/24 Xiaomi Launches Mi Pay In China
09/24 CHINA CONSTRUCTION BANK : completes $344m debt-to-equity swap
09/23 BANK OF CHINA : announces $13.93b profit in H1
09/23 BANK OF CHINA : Interest rates remain unchanged
09/23 Banking assets rise to 212.7 trillion yuan
09/22 China banking sector onshore assets up 14.5 pct
More news
Sector news : Banks - NEC
03:03p DEUTSCHE BANK : says no need for Berlin's help in $14 billion U.S. dispute
02:54pDJDNB : Norway's DNB Names Kjerstin Braathen CFO as Predecessor Retires
02:50pDJDNB : Norway's DNB Names Kjerstin Braathen CFO as Predecessor Retires
02:44pDJDNB : Norway's DNB Names Kjerstin Braathen CFO Effective as Predecessor Retires
02:36pDJIndian Stocks Emerge From the Crowd
More sector news : Banks - NEC
News from SeekingAlpha
08/29 How China Corporate Debt May Trigger A Banking Crisis
06/17 Demographics Is Destiny - The Big Picture In China
05/23 What You Need To Know About China
04/03 Why Wells Fargo Is The Buffett Bank
03/11 Who Are The Global Systemically Important Banks And What They Mean
Advertisement
Financials ( CNY)
Sales 2016 496 177 M
EBIT 2016 269 879 M
Net income 2016 168 507 M
Debt 2016 99 714 M
Yield 2016 4,99%
P/E ratio 2016 6,01
P/E ratio 2017 5,92
EV / Sales 2016 2,24x
EV / Sales 2017 2,15x
Capitalization 1 010 482 M
More Financials
Chart BANK OF CHINA LIMITED
Duration : Period :
Bank of China Limited Technical Analysis Chart | 601988 | CNE000001N05 | 4-Traders
Full-screen chart
Technical analysis trends BANK OF CHINA LIM...
Short TermMid-TermLong Term
TrendsBearishBullishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 3,99  CNY
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Si Qing Chen Vice Chairman & President
Jun Li Chairman-Supervisory Board
Guo Li Tian Chairman
Man Yiu Chow Independent Director
Qi Zhang Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF CHINA LIMITED-15.21%151 488
JPMORGAN CHASE & CO.1.85%242 906
INDUSTRIAL AND COML BA..-3.06%234 074
WELLS FARGO & CO-15.86%230 783
CHINA CONSTRUCTION BAN..-9.52%191 203
BANK OF AMERICA CORP-7.78%158 378
More Results