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Bank of Jiangsu names board director; to issue convertible bonds

Bank of Jiangsu Co. Ltd.'s board approved the appointment of Wu Dianjun as a director.

The appointment is subject to shareholder approval, according to a Feb. 3 filing.

Additionally, the Chinese bank plans to issue up to 20 billion yuan worth of six-year convertible bonds, with the proceeds going toward future business expansion.

As of Feb. 2, US$1 was equivalent to 6.30 Chinese yuan.