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Guangdong Development Bank H1 profit up 79.7%
(Agencies)
Updated: 2010-07-23 13:53
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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.