Shen Development May Issue RMB6 Billion Shares to Ping An in Private Placement

by lovevol119 on 2009-06-12 17:57:57

Shenzhen Development Bank may issue 6 billion RMB in a private placement to Ping An. According to reports on June 11th by NetEase Finance, the first move in Ping An Insurance's comprehensive plan to acquire Shenzhen Development Bank will be a targeted private offering by Shenzhen Development Bank to Ping An. Shenzhen Development Bank will raise 6 billion RMB through this private placement to Ping An. Comment: The shares of Shenzhen Development Bank A... [as per the font color coding noted in the original text]. NetEase Finance, June 11th report.

Note: The translation tries to maintain the structure and details of the original Chinese sentence while making it understandable in English. Some parts, like the font color notation, seem to be specific to the formatting or emphasis used in the original article and don't have a direct English equivalent beyond noting it as a stylistic choice.