Filipino-controlledThe GIS dated Oct. 5, 2017 listed China Bank’s outstanding common shares at 2,485,898,803 as of end-2016. These were – and still are – SMIC, 427,755,241 CHIB common shares, or 17.207 percent; Shoemart, 107,884,651 CHIB common shares, or 4.34 percent; and Sysmart, 385,180,854 CHIB common shares, or 15.495 percent. Subtracting 727,983,157 CHIB common shares as shown in the GIS from the POR’s 920,820,746 CHIB common shares, equals a difference of 192,837,589 CHIB common shares, or 7.757 percent. To get China Bank’s new outstanding capital stock, add 198,872,913 CHIB common shares and the present outstanding capital stock of 2,684,770,707 CHIB common shares. Additional computation showed 8 percent of 2,684,770,707 outstanding CHIB common shares were equivalent to 214,781,656.56, while 198,872,913 additional CHIB shares to be issued were equivalent to 7.407 percent of 2,684,770,707 CHIB outstanding common shares.

Source: Manila Times November 02, 2017 17:37 UTC