CDB to put more funds in Barclays
By Mao Lijun | China Daily | Updated: 2008-06-27 07:50
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A motorcyclist rides past the China Development Bank Tower in Shanghai. Wu Changqing |
China Development Bank (CDB) plans to inject 136 million pounds into Barclays, the London-based lender said.
Barclays said it will raise 4.5 billion pounds by issuing 1.58 billion shares from existing investors including CDB and Singapore's Temasek Holdings in a move to increase its capital ratio and win new business in Asia.
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