Shenzhen Development Bank Co., Ltd.(000001.SZ) announced that it plans to issue 892,325,997 to 1,189,767,995 A shares of common stock, at a price of down to RMB 16.81 per share in private placement. The target subscriber is PING AN INSURANCE (GROUP) COMPANY OF CHINA ,LTD. The Company expects to raise up to RMB 20 billion from the issue.

Source:Reuters