Saturday, January 1, 2011

Shanghai Pudong Development Bank 7 million shares issued will be in stock reform conducted subsequent to the completion of

SEO will be completed after the equity division reform

The share-trading reform the second batch of pilot project to accelerate, Shanghai Pudong Development Bank Chairman Zhang Guang-sheng, and Governor of the Golden yesterday made it clear that the equity division reform is related to the global economy and the stock market stability, Shanghai Pudong Development Bank will actively participate to the share-trading reform, the company is not more than 7 million shares of additional work will be completed after the equity division reform. Shanghai Pudong Development Bank Chairman Zhang Guang-sheng, equity division reform to enable market players interests are balanced, listed companies, equity division reform is to improve and enhance the quality of listed companies. Upon completion of the share-trading reform, new market mechanism of formation will be able to ensure that listed companies standardized, efficient operation. Therefore, the Shanghai Pudong Development Bank should and active participation in the equity division reform. Shanghai Pudong Development Bank Golden pointed out that this year in April, the China Securities Regulatory Commission, the Commission has adopted the Shanghai Pudong Development Bank issued not more than 7 million financing for A unit, the Shanghai Pudong Development Bank will complete the equity division reform after this refinancing work, because in the new market structures for financing will be more in line with market requirements, the Shanghai Pudong Development Bank future stable development is very beneficial.

Shanghai Pudong Development Bank ownership structure scattered, Shanghai Pudong Development Bank Dongmi Shen SI pointed out that the company has started a series of internal communication work, as well as part of institutional investors for early communication. At present, the Shanghai Pudong Development Bank began and the number of intermediaries, the company will select the appropriate agency to design reform programme, although there is no clear timetable, but Shanghai Pudong Development Bank will seek early substantive progress.

Shanghai Pudong Development Bank, the previous trading day closing price $ 7.60 1.55%.

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