Urals | Finance, business

Chelyabinvestbank’s $9m follow-on shares

16 Jun '09
Chelyabinsk bank Chelyabinvestbank has announced plans to issue $9m follow-on shares.

The shares are reportedly to be placed privately among the bank’s shareholders – its employees and the Board.

As a result of the placement, the bank’s authorized capital is to increase by 40% – to $31m, the bank said.
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