ICBC to inject 3 bln yuan into its leasing subsidiary

Posted on: Thu, 02 Jul 2009 22:57:00 EDT


Symbols: IDCBF
BEIJING, Jul 02, 2009 (Xinhua via COMTEX) --
IDCBF | Quote | Chart | News | PowerRating -- Industrial & Commercial Bank of China
(ICBC, 1398.HK), China's largest bank, said Thursday that it planned
to inject 3 billion yuan into its leasing subsidiary, ICBC Leasing
Co., Ltd.

ICBC Leasing was founded in 2007, with registered capital of 2
billion yuan. The company provides airplanes, ships, and large -scale
equipment leasing services.

ICBC added that the plan still needs its shareholders' approval.

For full details on (IDCBF) IDCBF. (IDCBF) has Short Term PowerRatings at TradingMarkets. Details on (IDCBF) Short Term PowerRatings is available at This Link.

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