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Empresas y finanzas

ICBC may raise $6.6 billion in rights offers -report


    HONG KONG (Reuters) - Industrial and Commercial Bank of China , the world's most valuable lender, may raise up to 45 billion yuan ($6.6 billion) through rights offers, a local newspaper reported on Wednesday, citing unnamed sources.

    ICBC <601398.SS> will propose that its shareholders get between 0.3 to 0.5 rights per 10 shares held, the lowest among the five Chinese banks that have already announced similar fundraising plans, the Hong Kong-based, Chinese-language Ming Pao reported.

    However, the newspaper said that the plans were still preliminary and that ICBC could look at Bank of China's <3988.HK> <601988.SS> recent rights offer announcement as a reference.

    Bank of China, the country's No. 4 lender, said on July 2 it plans to raise up to 60 billion yuan through a rights offer, with shareholders getting 1.1 rights per 10 shares held.

    (Reporting by Kelvin Soh; Editing by Jonathan Hopfner)