ICBC sets the ceiling price of the new shares and convertible preferential share

Industrial and commercial Bank of China (Asia) (0349) announced it had approved the agreement of the injection by its parent company at the special board meeting and meanwhile it set the ceiling issue price of the new shares and convertible preferential shares, which were issued for paying the expenditure of injection, at HK$7.5 each, 2.7% discount to the closing price of the agreement-signed day in May.

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