BANK COMM(601328) 搜狐财经· Sou Hu Cai Jing·2025-05-25 17:20Core Viewpoint - The Bank of Communications has received approval from the China Securities Regulatory Commission for a specific issuance of A-shares, aiming to raise up to RMB 120 billion to enhance its core tier one capital [2][3]. Group 1: Trading Information - As of May 23, 2025, the Bank of Communications closed at RMB 7.67, down 1.29%, with a turnover rate of 0.25%, a trading volume of 965,200 shares, and a transaction value of RMB 746 million [1]. - On the same day, the fund flow showed a net inflow of RMB 44.43 million from main funds, while retail investors experienced a net outflow of RMB 13.14 million [2][4]. Group 2: Company Announcements - The Bank of Communications announced that it has received approval for its A-share issuance, which must be executed according to the submitted documents and issuance plan [2]. - The issuance is valid for 12 months from the date of approval, and any significant events must be reported to the Shanghai Stock Exchange [2]. - The issuance aims to raise up to RMB 120 billion, with the proceeds allocated entirely to supplement the bank's core tier one capital [3]. Group 3: Issuance Details - The issuance price is set at RMB 8.51 per share, with a total of 14,101,057,578 shares to be issued [3]. - The main subscribers include the Ministry of Finance, China Tobacco, and Shuangwei Investment, with respective subscriptions of RMB 112.42 billion, RMB 4.58 billion, and RMB 3 billion [3]. - Post-issuance, the Ministry of Finance will hold over 30% of the shares, becoming the controlling shareholder of the bank [3].