Statistics

Guangdong Development Bank H1 profit up 79.7%

(Agencies)
Updated: 2010-07-23 13:53

Guangdong Development Bank Co's first-half net income rose 79.7 percent to 3.6 billion yuan ($531 million), the China Business News reported today, citing the Chinese lender.

The bank will sell as much as 15 billion yuan of shares in a private placement to shareholders including Citigroup Inc and State Grid Corp of China, according to the Shanghai-based newspaper.