4 May '09
Chelyabinsk bank Chelyabinvestbank has announced plans for an $8.4m follow-up share issuance to increase its capital to $29.3m.
Shares are to be issued by private subscription, the bank said today.
The bank’s authorized capital is reportedly expected to increase by 40% as a result of the issuance.
Earlier Marchmont wrote about the bank's $6m private placement (see news of November 3, 2008).