world of tanks power leveling 2003 - EEX

View the latest IC for business for a week after the private placement programme of the Industrial Bank, did not get most of the market share, yesterday's resumption of trading will plunge 3%, while the focus of the dispute is in the lower issue price. Societe Generale Bank's announcement shows, officially launched the $ 26.4 billion of the total $ 12.73 per share private placement program, guosen securitiesBanking analysts said Qiu Zhicheng, 2012 Industrial Bank are expected to maintain profit growth of more than 20%, so at the end of this year, Societe Generale Bank net assets per share was already above the issue price of $ 12.73. For issuance of the low price caused discontent from some minority shareholders, Societe Generale Bank secret Tung Tang Bin yesterday urged the South indicates that the interpretation, in recent years, the market for bankingCaused by fears of a systemic risk valuation industry remains weak, but industrial bank refinancing has no time to lose, hard to find. "We talked for more than more than 70 institutions, lower price, until the last minute before the official announcement still has a body to give up on the issue. "He also said, investors visit activity after the presentation of the annual report, seeking on the refinancing planUnderstanding and support. Issue price may be lower than the year-end net assets according to the Societe Generale Bank notice by providing life insurance funded pipes, tobacco, King company in China and Shanghai zhengyang introduction 2.072 billion shares, raising about $ 26.4 billion, the offer price per share by 20 trading days average closing price before suspension of 90% calculation, that is, $ 12.73 per share. This additional unitRelease within 36 months from the date of the end shall not be transferable. Qiu Zhicheng guosen securities banking analyst said despite the price of additional 2011 net assets per share at the end of the book to about 1.2 times times, but private placement from the plan to the time usually takes about 1 year to complete. "Projected 2012 Industrial Bank will still be more than 20% of profit growth, toThe end, Societe Generale Bank financing net asset per share was higher than before the issuance price of $ 12.73, which means that the object will be below the Industrial Bank of additional net asset prices into refinancing will result in earnings per share and net assets per share at the same time being diluted. "Qiu Zhicheng, said" below the net assets of the Bank financing also does not appear in history, and therefore a financing package that couldWill face a certain degree of uncertainty. "This refinancing of the CICC, pointed out in the report:" is the beginning of a-shares of Industrial Bank one of the best performing banks, major programme will address the capital increase and a quarterly high growth expectations. Currently scheduled increase is expected to have fulfilled, stronger follow-up can be sustained depends on quarterly cash, style and conservative investorsTo consider the appropriate jiancang. "Small shareholder group to protest low prices up increased after the announcement of the Societe Generale Bank, immediately attracted strong discontent and protests from the majority of minority shareholders.����The shares in the business for a week, yesterday's resumption of trading will plunge 3%, led the banking sector, the unit turnover also hit a nearly half a year to high. The representatives of small shareholders said yesterday, as of 2010Societe Generale Bank have a net worth of $ 9.91 per share at the end, the undistributed profits of $ 5.19, this is not a 2011 profit of more than $ 2 per share. "Shares of Industrial Bank is currently less than $ 14, private placement price of only $ 12.73, is too cheap! "The small shareholders said," we are not against the increase, but firmly opposed to this price increase. A sense ofPerception management is in the interests of transportation, bag envelopes the small investor's money.����"Also supported the increased programme of small shareholders said industrial bank could find protection and tobacco 2 wealthy willing to buy shares in China, was commendable. Societe Generale: issuance of the average level of prices for a wide range of minority shareholders question and protest, Tang Bin yesterday specifically to explain to this call for�� Tang Bin admits that this issue compared to the price of the Societe Generale Bank refinancing of banks is low in recent years, but in the capital market is in a downturn, especially bank stocks under valuation remains weak in the past 2 years, 1.2 times book issuance price of roughly average in the industry. "10 years ago, industry and agriculture building in introducing strategic investors will be 1.3 times book value, 2003, was introduced in the us to 1.8 times book value of Hang Seng Bank, but when the market shares is the average ratio of 3.8 times, I was also under pressure from all sides. "Tang Bin said," from the perspective of recent price trends world of tanks power leveling, current stock prices are not low, before the suspension of the closing price, rose more than 15% in mid-December 2011, this issue priceReference to the 20-day moving average price set before world of tanks power leveling, has been reflected during this rally. "" We talked for more than more than 70 institutions, during which offer lower, until the last minute before the announcement, with participation of an institution to give up on the issue. "For the refinancing of the past week, said Tang Bin, hard to find," institutions participating in the selection of strategic investors, there are several types:Have the will, the competent departments shall not be approved; have the will, but no money, of course, needless to talk about; rich and willing, but do not meet the State's industrial policy or existing laws and regulations, Societe Generale is also unacceptable. In short, just like married men and women, the two sides have swaddled, and parental consent. "Links to explore this open a new model of cooperation of Bank and insurance company G��n��rale refinanceRaised concerns, in addition to issuing price is too low, more important is the strategic cooperation relationship with the Chinese people. Under the share option agreement signed by both sides: the protection of Fujian Provincial Department of finance capital and its affiliates supported's position as the largest shareholder in the company, and not to directly or indirectly in pursuit of company's largest shareholder status; protection of company support Chinese tubeNo lower than tied for the second-largest shareholder of the company shareholders. Industrial Bank secret Tung Tang Bin explained yesterday. "Our mode of cooperation is not deep, nor as China life stake in Minsheng Bank, Guangdong Development Bank (microblogging), life insurance as a financial investor to enter the Industrial Bank, bilateral cooperation is open and non-exclusive. "Tang Bin said," our cooperation is notAffects the protection of existing partnerships with the four major State-owned bank, as industrial bank will maintain partnerships with other insurance companies. Our starting point was to explore ways to better serve their customers with cross-service, exploring the combination of funding of different nature to each other, how can I do this ' long short world of tanks power leveling, short Qian Chang ', at present a large number of insurance fund for infrastructure-building areaAnd Societe Generale banks have some advantages in this respect, both for normal business activities only, try a closer cooperation, has no intention of challenging industries are regulated by banking and insurance business line. "Southern Reporter Li Heming enter [CIB] discusses Societe Generale Bank construction low the price of additional issuance of objects to find industrial bank increased raised $ 26.4 billionProtection of Industrial Bank of one of the second-largest shareholder in response to low price the question of additional: increased prices subject to valuation levels in response to low price on the issue of Industrial Bank questions: pricing reflects the banks total valuations increase 90 percent of Industrial Bank financed $ 26.38 billion original shareholders or is diluted casualty and 8 billion dollars stake in Societe Generale Bank 4.9% shares of Societe Generale Bank increased fundraisingProtection of 26.4 billion spent $ 17.6 billion rush to the rescue