Haitong Bank, S.A. has increased its share capital in the ammount of EUR 15.9 million in Portugal, with new shares issued under to the Bank’s sole voting shareholder, Haitong International Holdings Limited (Hong Kong).
The share capital increase was effected through the incorporation of a special reserve, in the amount of EUR 15.87 million, by the issuance of 3.176 million ordinary shares, with a nominal value of EUR 5 each, Haitong said in a statement.
The issuance, it adds, was “corresponding to the number of conversion rights previouslyattributed to the Portuguese State which were acquired by Haitong International Holdings Limited”.
As a result, the Bank’s share capital now amounts to EUR 863.3 million, and theBank’s Articles of Association have been amended accordingly.
“The new shares issued under the share capital increase were fully allocated to the Bank’s sole voting shareholder, Haitong International Holdings Limited, a company incorporated in Hong Kong, a subsidiary of Haitong Securities Co., Ltd.”, according to the statement.
The increase in share capital results from the conversion of the rights attributed to the Portuguese State and which were acquired by Haitong International Holdings Limited, the Bank’s sole voting shareholder, it adds. These rights related to the fiscal year 2016, issued under the REAID (Deferred Tax Assets Special Regime).
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