According
to the results of CCB (601939.SH/00939.HK), the bank recorded a net
profit of RMB190.685 billion in as at the end of 30 September 2014, up
7.81% from a year ago. The balance of non-performing loans totaled
RMB105.32 billion, and the NPL ratio was 1.13%, up 0.14% from the end of
last year. Industry insiders considered that with the issues of
overcapacity and economic restructuring, banks' asset quality has been
under pressure so far this year, and the whole sector's non-performing
loans are expected to keep rising at the end of the year.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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