百亿融资惹争议 北京企业培训银行急刹车（Ten billion financing controversial Beijing enterprise training bank brakes）.doc

百亿融资惹争议 北京企业培训银行急刹车（Ten billion financing controversial Beijing enterprise training bank brakes） Suspension planning major events in the future on the grounds that the bank (601169.SH) recently announced refinancing plan, intends to non-public offering to CITIC Securities, Huatai Automobile, Taikang Life and other 10 companies raising not more than 118 billion yuan, the issue price of 10.88 yuan / share, the fund raised will be used to supplement the core capital. At the same time, the Bank of Beijing the next 5 years to life in the Netherlands additional capital of 600 million yuan. This is the first equity refinancing since the listing of the Bank of Beijing. Although the 2009-2010 bank shares refinancing tide is one of the few to the capital market for the bank, but in January this year just completed its 10 billion yuan subordinated debt issuance, less than half that re planning the financing process, so the market is quite surprised. By the end of last year, the banks capital adequacy ratio and core capital adequacy ratio were 12.6% and 10.5%, respectively, by the end of last year in Beijing. Far higher than the regulatory requirements of the CBRC, even higher than most listed banks. For the refinancing, the Bank of Beijing called the need for the gradual expansion of the companys assets.. Analysts believe that the Bank of Beijing is a rainy day, but the market does not understand. With the announcement of the annual report performance is lower than the market expected, Beijing bank after resumption of trading fell 3.33%, to close at 12.20 yuan. Debate over refinancing According to the orientation after the Bank of Beijing announced additional plans, which intends to Huatai Automobile, Hengtian Group and other 10 legal institutions directed to issue shares to raise no more than 11 billion 800 million yuan, the issue price of 10.88 yuan / share, far below the line prior to the 2007 IPO (initial public offering) when the issue price of 12.5 yuan. Such discount pr