Bank of Jinzhou, which completed its Hong Kong initial public offering in December last year, has hitched up to capital markets again with multiple fundraising proposals that together could raise as much as Rmb28.5 billion $4.4 billion.
The plan, published after the market close on Tuesday, includes a highly dilutive issue of 1 billion new shares in a private placement that could raise roughly HK$6 billion $773 million based on the bank’s last closing share price -- just short of the $790 million raised from its IPO less than four months ago.
The shares would be placed with a maximum of 10 qualified foreign...
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