China Bank’s new par value of P10 per share took effect on September 6, following the approval of the regulatory bodies of the ten-for-one stock split of the Bank’s common shares. The adjustment in the par value made the Bank’s stock price more directly comparable with the other listed banks whose par value is also P10 per share (except Metrobank: P20 per share).
On September 5, China Bank stocks traded at P478.80. The following day, September 6, its stock price closed at P51.15.
China Bank’s capital stock of P20 billion was divided by 2 billion shares with a par value of P10 each from the previous 200 million shares with par value of P100 each. The reduction of par value does not affect the value of the shares.
China Bank has outstanding issued shares of 1,297,874,230 shares at P10 per share, of which, 982,059,390 shares are held by local investors, while 315,814,840 are owned by foreign investors.
China Bank, the country’s first privately-owned local commercial bank, celebrated the 65th anniversary of its listing at the Philippine Stock Exchange (PSE) on August 29, 2012. The event, attended by China Bank and PSE directors and senior officers, capped a month-long celebration of the Bank’s 92nd anniversary that included the launch of a new vision statement and a new corporate social responsibility program, and the opening of new branches, bringing the Bank’s nationwide network to the 300-mark (including the branches of China Bank Savings).