Arab Today, arab today shanghai pudong development bank to sell preference shares
Last Updated : GMT 02:45:57
Arab Today, arab today
Arab Today, arab today

Shanghai Pudong Development Bank to sell preference shares

Arab Today, arab today

Arab Today, arab today Shanghai Pudong Development Bank to sell preference shares

Beijing - XINHUA

Shanghai Pudong Development Bank on Tuesday announced a plan to issue preference shares, the second company to do so since regulators gave the greenlight to the new type of funding. The company said it will sell no more than 300 million shares to raise no more than 30 billion yuan (4.92 billion U.S. dollars), according to its statement filed with the Shanghai Stock Exchange.

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