Lehman Brothers intends to confirm the deep stake in the development of.

<P> Strategic stake in Lehman Brothers may be the development of the news recently spread deep, deep development from media reports today on the notice issued to clarify the point of view, the development of Lehman Brothers had a really deep this "a good show." .Shenzhen Development also said it has not yet entered into any shares of the agreement. .</ P> <P> Shenzhen Development Bank said today's announcement, the recent media reports that Lehman Brothers or by way of private placement of strategic stake in the bank. .SDB is very simple words, in fact, relevant reports have put it more specific, the report said, leading Wall Street investment bank Lehman Brothers, or through private placement of shares purchased 3,200 shares, strategic stake in Shenzhen Development Bank, investment of about 2000 .about 10 thousand to 30 million U.S. dollars; and reference the words of the SDB, according to executives, said the top executives said that following the GE, the Shenzhen Development Bank will also introduce another a foreign strategic investors, account for about deep stake the future development of the total .1% of share capital, together with Newbridge Capital holds 17% stake, and GE will own 7% of the shares of the total shares held by foreign investors just 25% of the regulatory limit; reports then said the issue had reached an agreement with Lehman Brothers shares .However, the development of the deep-share reform has not yet completed, temporarily unable to refinance, GE shares have been on hold since the issue, therefore, the bank has not formally signed a contract with Lehman Brothers, has not disclosed the news. .</ P> <P> this regard, the development of today's deep position and said: For some time, does have some, including foreign investors, including Lehman Brothers, said the shares to the Bank's intention, but apart from GE, there are now deep development has not yet .Foreign investors with any agreement entered into any shares, the bank board has not considered the motion. .Shenzhen Development also pointed out that the relevant provisions under the China Banking Regulatory Commission, following the GE after the introduction of the line there are the possibility of other foreign investors, but the proportion of shares shall not exceed 1% of the total share capital. .</ P> <P> the matter of GE shares, is October 21, 2005 disclosed the development of deep and GE (GE) signed the agreement. .Among them, first with General Electric, Shenzhen Development Finance International Finance Corporation signed a "Subscription Agreement", to be by way of private placement issue of shares to General Electric, General Electric, for a total subscription amount of U.S. dollars, price of 5.247 yuan per share, .The subscription of shares in the proportion with the existing shares held by foreign shareholders, the total proportion of not more than 24.99%. .In addition, the Shenzhen Development Finance has with General Electric (China) Co., Ltd. signed a "strategic cooperation agreement", intended to cooperate in further development of the consumer finance business. .However, when the shares of Shenzhen Development Bank said that the work will change in a number of priority, the Board will consider the share reform program of the relevant shareholders meeting before the proposal to convene to consider the above two agreements related to the EGM. .</ P> <P> present, the development of deep concern on the price of the program is still roadshow stage, the company announced on June 9 after adjusting for share reform program after June 14 shareholders with tradable shares online communication. .The program, how to vote, is still cause for concern. .The shares for foreign investment banks interested in the matter, the analysis said that this rapid development with the deep will of the relevant supplementary capital. .The analysis found that more than a year last year, SDB increase revenue by improving operations, the core capital adequacy ratio improved, but not yet 4% of the regulatory requirements. .(Zyw) </ P>.