China Merchants Bank to raise up to $2.6 billion

Posted on August 14, 2009 at 03:56 AM EDT

China Merchants Bank Co. says its board has approved a plan to raise up to 18 billion yuan ($2.64 billion) via a rights issue as part of an effort to improve its capital adequacy ratio and support business growth.

Related Stocks:

China Merchants Holdings International Co Ltd. Unsponsored ADR

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