bank of china-unspn adr (BACHY) Key Developments
Japan Exchange Group, Inc. and Bank of China Limited Sign Memorandum of Understanding
Jul 11 14
Japan Exchange Group, Inc. and Bank of China Limited signed a comprehensive memorandum of understanding (MOU) on establishing and developing a yuan-denominated financial instruments market in Japan. Under the MOU, JPX and BOC will jointly develop yuan-denominated products and create a framework to facilitate the clearing and settlement of yuan-denominated products in Japan. To foster a mutually beneficial long-term partnership, JPX and BOC will also strive to share information and expertise across a broad range of issues and build a framework for cooperation and collaboration through personnel exchanges. The deeper and stronger ties between JPX and BOC are expected to bring greater diversity to products available to investors in both Japan and China, raise the global appeal of the Japanese market, and promote the further development of the offshore yuan market.
Bank of China Limited Announces Redemption of Subordinated Bonds
Jul 9 14
Bank of China Limited announced that it has exercised the redemption option and redeemed the Bonds in full amount, which were issued on July 6, 2009. The 10-year fixed interest rate subordinated bonds in the amount of RMB 14 billion and 10-year floating interest rate subordinated bonds in the amount of RMB 2 billion, according to the relevant terms and conditions in the prospectus for the issuance of the Bonds, the Bonds were subject to the redemption option of the issuer, where it had the right to redeem the Bonds at the fifth anniversary of the issuance of the Bonds, which is July 08, 2014.
Bank of China Limited, Board Meeting, Jun 30, 2014
Jul 1 14
Bank of China Limited, Board Meeting, Jun 30, 2014. Agenda: To discuss and approve the proposal of appointing Zhang Jinliang as Vice President and the proposal of appointing Ren Deqi as Vice President.
Bank of China Limited Announces Resignation of Liu Lina as Non-Executive Director
Jun 30 14
The board of directors of Bank of China Limited received a resignation letter from Ms. Liu Lina, the Non-executive Director of the Bank. Ms. Liu Lina resigned as the Non-executive Director of the Bank, a member of the Strategic Development Committee and a member of the Risk Policy Committee of the Board due to the change of job. Such resignation will become effective from the date of approval of Mr. Wang Wei's qualification as the Non-executive Director of the Bank by China Banking Regulatory Commission.
Bank of China Limited Announces Implementation of Profit Distribution for 2013, Payable on July 27, 2014
Jun 19 14
Bank of China Limited announced the implementation of profit distribution of RMB 0.196 (before taxation) per share for 2013, payable on July 27, 2014 with record date of June 26, 2014 and ex-dividend date of June 27, 2014.