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ANZ puts A$250m into Shanghai Rural Commercial Bank

ANZ has made a further investment of Rmb1.65bn (A$250m) in Shanghai Rural Commercial Bank (SRCB) as part of a Rmb8.12bn rights offer by SRCB. Rights shares will be issued at Rmb6.48 apiece, which values SRCB at Rmb24.3bn. ANZ will also increase its stake in SCRB from 19.9% to 20.0% and will explore areas for business cooperation, particularly in trade finance…

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