China Banking Corporation
#1
...here Silime, thanks for informing

China Banking Corporation (CHIB) was incorporated on July 20, 1920 and commenced business on August 16 of the same year as the first privately-owned local commercial bank in the Philippines. CHIB was listed on the local stock exchange by 1927 and acquired its universal banking license in 1991. CHIB started by mainly catering to the Chinese-Filipino commercial sector, but has since expanded its market scope to include the retail and consumer segments.

CHIB's main businesses include corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, insurance products through China Bank Insurance Brokers, Inc. and Manulife China Bank Life Assurance Corporation (Manulife China Bank), internet banking and mobile banking services and remittances through tie-ups with remittance companies and exchange houses in the Middle East, Asia and major US cities. The Company also offers foreign currency deposits of US Dollar, Euro and Yuan to cater to clients' trade, investment and remittance requirements in this currency.

The Company’s subsidiaries include Chinabank Insurance Brokers, Inc.; CBC Properties and Computer Center, Inc.; China Bank Capital Corporation (CBCC); China Bank Savings, Inc.; CBC Forex Corporation; and CBC Assets One, Inc.

In 2016, the Company, through CBCC, acquired ATC Securities, Inc. to set up its own brokerage firm, China Bank Securities Corporation. CBCC likewise incorporated a securitization company, CBC Assets One (SPC), Inc.

As of December 31, 2016, CHIB's products and services are made available across multiple distribution and delivery channels, particularly through its 541 branches and 805 automated teller machines nationwide.

Source: SEC Form 17-A (2016)


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#2
just want to share

To : THE INVESTING PUBLIC AND TRADING PARTICIPANTS
Company : CHINA BANKING CORPORATION
Change in Par Value
Date : August 30, 2012
This is with reference to Circular Nos. 2583-2012 dated April 10, 2012 and 3363-2012 dated
May 4, 2012 regarding the approval by the Board of Directors and stockholders of China
Banking Corporation (“CHIB” or the “Bank”) of the amendment to its Articles of Incorporation
reflecting the change in the par value of CHIB shares from One Hundred Pesos (P100.00)
per share to Ten Pesos (P10.00) per share.
In a disclosure dated August 29, 2012, the Bank stated that:
We are pleased to inform you that we have received yesterday,
Securities and Exchange Commission’s approval of the amendment of
Article Sixth (a) of the Bank’s Articles of Incorporation, to effect a ten-forone stock split of the common shares. The stock split will result to an
increase in the number of authorized shares from 200,000,000 to
2,000,000,000 shares and a reduction in par value of the shares from
P100.00 to P10.00 per share, without affecting the authorized capital stock
of the Bank of P20.00 Billion.


http://www.pse.com.ph/resource/disclosur...3_CHIB.pdf
One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. Proverbs 11:24
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#3
Thanks for the heads up bro.
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
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#4
Thanks for the info. Nagtaka kasi ako kung bakit biglang nag below 50 ang CHIB na supposedly below 500 ito.
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#5
Hi mga sir, care to share kung ano na po mangyayari sa mga stockholders at @ 470+ tapos ngayon nsa around 48+ na lang siya?
Lifetime ipit na ba yun?

"Do not pray for an easy life, pray for the strength to endure a difficult one. " - Bruce Lee
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#6
(09-06-2012, 10:12 AM)thanatos Wrote: Hi mga sir, care to share kung ano na po mangyayari sa mga stockholders at @ 470+ tapos ngayon nsa around 48+ na lang siya?
Lifetime ipit na ba yun?

http://www.philstar.com/Article.aspx?art...egoryId=66

stock split thanatos Shy

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#7
So instead po na bababa yung average value, dadami na lang yung number of share nya sir?

"Do not pray for an easy life, pray for the strength to endure a difficult one. " - Bruce Lee
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#8
^^ ang alam ko bro dapat walang effect. kc change lang nmn ng par value. from 100 naging 10. so ibig sabihin kung meron ka 100 shares @ 470 dati magiging 1000 shares na sya ngayon @ 47 pesos.. tama po ba mga masters?
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#9
^^...tama tsaka kita ka na today hehe galing! congrats
Pls don't follow me....I'm lost too! hehe
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#10
^^unfortunately bro, wala ako nito. i was thinking of buying this kahapon but decided to put it on bdo instead.. hehe.
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