China Merchants Bank Co. announced that it had raised USD27.5 billion listed on the Shanghai Stock Exchange.
Tags: Share sale
JC Penney shareholder sues retailer over share sale
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
JC Penney faces uphill climb
JC Penney Co Inc's decision to sell shares caused its stock value to further depreciate. The decision by JC Penney Co to strengthen its cash reserves by the issuance of new USD1 billion in new shares resulted in a decline in its stocks by more than 13% last Friday.
JC Penney intends to raise cash in 84 million share sale
In a seemingly peculiar move, JC Penney Co announced yesterday that it would be selling 84 million of its shares to generate cash after saying that the company was liquid enough by the end of its fiscal year.
ThyssenKrupp gets break, obtains extension of credit lines
In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.
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