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SY Holdings Announces 2022 Interim Results Accelerating Development in Industrial Internet-of-Things (IIoT) and Unleashing Platform Technology Capability

DJ SY Holdings Announces 2022 Interim Results Accelerating Development in Industrial Internet-of-Things ("IIoT") and Unleashing Platform Technology Capability EQS Newswire / 25/08/2022 / 18:56 UTC+8 ....

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China approves banks to issue equity-conversion capital bonds-Eastday

From:ChinaDaily | 2021-01-26 10:54
BEIJING - The People s Bank of China (PBOC) has given the nod to two local lenders to issue equity-conversion capital bonds in the interbank bond market to replenish capital, said a statement posted on Monday on the PBOC s website.
Zhejiang Chouzhou Commercial Bank and Ningbo Commerce Bank, both based in East China s Zhejiang province, were the two lenders that obtained the approval.
On Jan 20, Ningbo Commerce Bank successfully issued 500-million-yuan ($77 million) equity-conversion capital bonds with no fixed maturity.
Such bondholders will be able to convert debt into stocks and participate in the distribution of the issuer s remaining assets if specific risk events arise. It is a tool created to help the country s undercapitalized smaller banks. ....

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