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  - 07/28
3.33 CNY   -0.30%
10:38a BANK OF CHINA : Issued Report for 2016Q3 Economic and Financial Outl..
07/26 ABC bank plans to securitize $459m of NPLs
07/25 Rising bad loans shift banks' focus to risks and debt securitizat..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Temasek To Raise Up To US$2.5 Billion Via Selling Shares of BOC, CCB H Shares - Term Sheet

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 01:59pm CEST

Singapore state-investment firm Temasek Holdings Pte. Ltd. is seeking to raise up to US$2.5 billion by selling its stakes in Chinese lenders Bank of China Ltd. (3988.HK) and China Construction Bank Ltd. (0939.HK) via placements, according to term sheets seen by Dow Jones Newswires.

Temasek unit Fullerton Financial Holdings Pte Ltd. plans to sell 3.079 billion shares in Hong Kong-listed Bank of China at a price range of HK$3.13 to HK$3.18 each, according to the first term sheet, raising up to US$1.26 billion. The sale price represents a 2.5% to 4.0% discount to Bank of China's Wednesday closing price of HK$3.26.

Also, Cairnhill Investments (Mauritius) Pte. Ltd., a unit of Temasek, is selling 1.6 billion Hong Kong-traded shares in China Construction Bank at a HK$5.99 to HK$6.10 price range, according a second term sheet, or up to US$1.25 billion. The price range reflects a 1.0% to 2.80% 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 the period, according to the term sheets. Bank of America Merrill Lynch and Morgan Stanley are handling the share 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, Dow Jones Newswires; 852-2802-7002; prudence.ho@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF CHINA LIMITED
10:38a BANK OF CHINA : Issued Report for 2016Q3 Economic and Financial Outlook
07/26 ABC bank plans to securitize $459m of NPLs
07/25 Rising bad loans shift banks' focus to risks and debt securitization
07/25DJAgricultural Bank of China to Issue CNY3.06 Billion Worth of Securities
07/21 BANK OF CHINA : Luxembourg foreign minister holds talks with Wang Yi in Beijing
07/20 BOCHK Today Brings Apple Pay To Cardholders Offering the Easy, Secure & Priva..
07/20 BANK OF CHINA : SWIFT announces distinguished speaker line-up for Greater China ..
07/20 Bank stocks look an easy choice as lenders fight it out
07/19 BRICS bank issues first bond to fund green projects
07/18 ICTSI lines up $300m in financing for Australian terminal VICT
More news
Sector news : Banks - NEC
07:55p Brexit shockwaves hit British jobs, banks, automobiles
06:15pDJNicolas Moreau to Be Deutsche Bank's New Asset Management Head
06:10pDJDEUTSCHE BANK : Nicolas Moreau to Be Deutsche Bank's New Asset Management Head
04:15pDJCIT : Says Fed Objected to Its Capital Plan
04:06pDJPOTASH OF SASKATCHEWAN : Corp. Slashes Dividend, Outlook
More sector news : Banks - NEC
News from SeekingAlpha
06/17 Demographics Is Destiny - The Big Picture In China
05/23 What You Need To Know About China
04/03 Why Wells Fargo Is The Buffett Bank
03/11 Who Are The Global Systemically Important Banks And What They Mean
01/07 BOC Aviation places order for 30 Airbus planes
Advertisement
Financials ( CNY)
Sales 2016 493 533 M
EBIT 2016 268 289 M
Net income 2016 168 396 M
Debt 2016 99 714 M
Yield 2016 5,09%
P/E ratio 2016 5,87
P/E ratio 2017 5,81
EV / Sales 2016 2,18x
EV / Sales 2017 2,07x
Capitalization 974 678 M
More Financials
Chart BANK OF CHINA LIMITED
Duration : Period :
Bank of China Limited Technical Analysis Chart | 601988 | CNE000001N05 | 4-Traders
Full-screen chart
Technical analysis trends BANK OF CHINA LIM...
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4,14  CNY
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Si Qing Chen President
Jun Li Chairman-Supervisory Board
Guo Li Tian Chairman
Man Yiu Chow Independent Non-Executive Director
Jackson Peter Tai Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF CHINA LIMITED-16.21%146 327
WELLS FARGO & CO-11.70%243 698
JPMORGAN CHASE & CO.-2.57%235 233
INDUSTRIAL AND COML BA..-5.90%224 308
CHINA CONSTRUCTION BAN..-12.11%172 058
BANK OF AMERICA CORP-13.07%150 278
More Results