逍遥法外电影大尺度未删减,伊人天堂网,蜜桃臀av在线,综合网天天,老炮儿电影未删减完整版下载,国内久久精品视频,风花电影在线观看完整版

   

CMB warrant issuance approved

(chinadaily.com.cn)
Updated: 2007-06-20 18:15

The issuance of the China Merchants Bank (CMB) put warrant, jointly created by 15 securities brokerages, got go-ahead today, according to an announcement from the Shanghai Stock Exchange. It's China's largest ever put warrant created by securities firms.

The put warrant, which totals 1.227 billion shares, will cost 3.2 billion yuan (US$420.06 million) based on yesterday's exercise price. Its number of shares will account for one third of the total CMB put warrants currently in circulation.

Related readings:
 China Merchants Bank 2006 earnings up 50%

Among the 15 securities brokerages, Guotai Junan Securities Co Ltd contributed 300 million shares of the put warrant, followed by Everbright Securities with 182 million; Guosen Securities, 136 million; Guangfa Securities, 91 million and China Merchants Securities, 80 million.

The CMB put warrant will expire on September 1, with an exercise price of 5.48 yuan, far below the current 24 yuan. It means that unless CMB's share price falls 80 percent in the next two months, will such put warrants become worthless.

CMB put warrants ended at 2.59 yuan per share yesterday, down 6.9 percent from the previous day's closing, with a 268.4 percent turnover rate.


(For more biz stories, please visit Industry Updates)