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                    [AuthorName] => Alex Magno
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                    [Title] => SEC approves hike in China Bank capital
                    [Summary] => The Securities and Exchange Commission (SEC) has approved China Banking Corp.’s plan to raise its authorized capital stock to P10 billion from P5 billion. 


The capital increase is intended to cover the bank’s stock dividend of 35 percent.


Chinabank vice president and corporate information officer Alex Escucha said the capital hike is meant to rationalize the bank’s capital structure as its capital has actually reached P20 billion (including surplus capital).


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                    [AuthorName] => Zinnia B. Dela Peña
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ALEX ESCUCHA

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                    [Title] => SEC approves hike in China Bank capital
                    [Summary] => The Securities and Exchange Commission (SEC) has approved China Banking Corp.’s plan to raise its authorized capital stock to P10 billion from P5 billion. 


The capital increase is intended to cover the bank’s stock dividend of 35 percent.


Chinabank vice president and corporate information officer Alex Escucha said the capital hike is meant to rationalize the bank’s capital structure as its capital has actually reached P20 billion (including surplus capital).


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abtest

Social dividend

By FIRST PERSON | By Alex Magno | February 19, 2008 - 12:00am

Opinion

SEC approves hike in China Bank capital

By Zinnia B. Dela Peña | September 5, 2005 - 12:00am

The Securities and Exchange Commission (SEC) has approved China Banking Corp.’s plan to raise its authorized capital stock to P10 billion from P5 billion. The capital increase is intended to cover the bank’s...

Business