[London, 6 April 2016] CCB International (Holdings) Limited (“CCBI”) is pleased to announce the completion of the acquisition by its subsidiary, CCB International Securities Limited, of a 75% shareholding interest in Metdist Trading Limited (“Metdist”) (to be renamed CCBI Metdist Global Commodities (UK) Limited (“CCBI Metdist”)), which then becomes the first London Metal Exchange (“LME”) Category 1 or Ring Dealing Member with a Chinese bank background. CCBI Metdist will continue to provide a full range of LME derivatives products for its clients.CCBI (together with its subsidiaries) is the investment flagship of China Construction Bank Corporation (“CCB”). CCBI’s business broadly covers three areas, namely Pre-IPO, IPO and Post-IPO, thereby providing clients with a full range of financial and capital market services and products. In recent years, CCBI has continued to maintain good momentum in various lines of business and has been winning accolades in the investment industry. Metdist is a Category 1 or Ring Dealing Member of the LME, having been the first overseas member of the LME since 1970. According to data from the LME website, the LME is the world centre for trading of industrial metals, where more than three quarters of all non-ferrous metal futures business are transacted on its platforms.Last October, in the presence of leaders from China and the United Kingdom, LME and LME Clearing Limited signed a memorandum of understanding with CCB for strategic cooperation in areas such as industrial metal trade and Renminbi clearing services. The acquisition of a 75% shareholding interest in Metdist by CCB International Securities Limited is the evidence to show its desire to accomplish these goals. This also marks an important step for CCB to establish a commodities trading platform. Looking forward, CCBI will leverage its deep connection with the Chinese banking and business communities, together with CCBI Metdist’s membership status in the LME, to continue to provide comprehensive financial and capital market services for its clients and efficiently improve its participation and competitiveness in the global industrial metals futures market, and to better serve Chinese enterprises’ demand in this market. With the linking up of key international markets, CCBI looks to excel in serving the real economy under China’s “Go Global” and “The Belt and Road Initiative” strategies.
Being the Joint Bookrunner, CCB International supported the US$1.5 billion bond issuance of Sunshine Life Insurance Corporation Limited on April 14, 2016.
CCB International Securities Limited (“CCBIS”) and Minmetco Limited (“Minmetco”) 6th April 2016 Following the Joint Press Release of 21st October 2015, the Parties are pleased to confirm the sale by Minmetco and purchase by CCBIS of 75 per cent of the issued share capital of Metdist Trading Limited (to be renamed to CCBI Metdist Global Commodities (UK) Limited) (“CCBI Metdist”) has been completed.
Being the Joint Bookrunner, CCB International supported the public listing of China Zheshang Bank Corporation Limited (Stock Code: 2016.HK) on the Main Board of the Hong Kong Stock Exchange on March 30, 2016.
Being the Joint Global Coordinator and Joint Bookrunner, CCB International supported the dollar bond issuance of Carnival Group International Holdings Limited (Stock Code: 0996.HK) on March 16, 2016.
Being the Sole Sponsor and Sole Global Coordinator, CCB International supported the public listing of Jiayuan International Group Limited (Stock Code: 2768.HK) on the Main Board of the Hong Kong Stock Exchange on March 8, 2016.
Being the Joint Lead Underwriter, CCB International supported the additional issuance of US$1 billion overseas bonds of China Development Bank on January 28, 2016.
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