ICBC Refinancing Scheme Has Been Issued Through &Nbsp; A Shares Issue 25 Billion Convertible Bonds.

Yesterday, ICBC held the 2009 annual shareholders' annual meeting in Hongkong and Beijing, and issued relevant announcements after the meeting.

The announcement shows that the authorized representatives of shareholders and shareholders attending the annual shareholders' meeting are 1163, representing 290036599417 shares of voting shares, accounting for 86.8324% of the total number of voting shares of the bank.

Jiang Jianqing, chairman of the bank, chaired the meeting.

It is reported that in the next year's meeting, the eleven motions were passed and there was no case of veto or amendment.

In these eleven motions, in addition to voting on the 2009 annual report, the financial settlement plan and the profit distribution plan in 2009, it also included the relevant proposals on refinancing and replenish capital on Industrial Commercial Bank of China Ltd's motion to issue H-shares and A shares and general authorization of Switching Company bonds.

It is reported that, according to the general authorization adopted by the general meeting of shareholders, the number of new shares and / or options that the company can approve, issue and dispose of will not exceed 20% of the A shares and H shares issued by the company on the same day of the general meeting of shareholders (including warrants, convertible bonds and other securities that are entitled to purchase or convert into shares).

Before, there was a rumor that, as major shareholders such as Huijin did not want the equity to be diluted, the bank may issue a revised A share that was not more than 25 billion yuan to be convertible in the shareholders' meeting.

But according to yesterday's shareholders' meeting, the hearsay is not true.

In addition, foreign media reported that ICBC had already selected four investment banks to participate in H-share rights issue and planned to raise 70-100 billion US dollars.

At yesterday's shareholders' meeting, there were no specific details about the specific financing options for H-shares.

In addition, according to relevant media reports from Hongkong, Jiang Jianqing said that in the future waiting for market conditions to improve, and then implement the A convertible bond issuance plan, in the issue will give priority to the interests of existing shareholders.