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BEIJING, Dec. 23 (Xinhua) -- Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, announced Thursday that it has completed its 44.9 billion yuan(about 6.75 billion U.S. dollar) rights issue in Shanghai and Hong Kong.The dual-listed lender said in a statement to the Shanghai Stock Exchange that it had raised 13.04 billion Hong Kong dollars (about 11.18 billion yuan) from the Hong Kong portion of its rights issue by selling 3.74 billion shares at a price of 3.49 Hong Kong dollars.The Beijing-based bank said it had sold 11.3 billion shares at 2.99 yuan in the Shanghai market, which was 99.72 percent subscribed and had raised 33.67 billion yuan in late November.The ICBC said the fund raising aimed to replenish its capital base.The bank's core capital adequacy ratio stood at 9.33 percent by the end of September this year, while its capital adequacy ratio was 11.57 percent. In the first three quarters of this year, the ICBC saw net profits up 27.1 percent year on year to 127.8 billion yuan.Shares of the bank closed flat at 4.18 yuan in Shanghai and was down 0.35 percent to 5.7 Hong Kong dollars in Hong Kong.

BEIJING, Nov. 15 (Xinhua) -- Visiting Sudanese Mining Minister Abdel-Bagi Gailani said here Monday that Sudan is seeking to strengthen cooperation with China in the mining sector.Sudan is a vast country with rich mineral resources, said the minister. However, the country's abundant mineral resources are yet to be explored and utilized due to various reasons such as technical and financial constraints, he told Xinhua.Sudan welcomes and encourages Chinese companies to do business and to invest in his country, hoping that the two countries could diversify mutually beneficial cooperation, said Gailani.Sudan aims to utilize its resources in an efficient and rational manner through sharing China's advanced technologies and learning from the country's rich experiences and increasing financial input in the mining sector in a bid to step up the development of its national economy, the minister added.Gailani was in China for the 12th China Mining Congress & Expo, which will be held in the northern port city of Tianjin from Tuesday to Thursday.The annual event is expected to attract more than 3,000 participants from over 50 countries and regions.

BEIJING, Nov. 28 (Xinhua) -- China on Sunday proposed emergency consultations among the heads of delegation to the Six-Party Talks next month as tensions rise on the Korean Peninsula."The Chinese side, after careful deliberation, proposes emergency consultations among the heads of delegation to the Six-Party Talks in early December in Beijing to exchange views on major issues of concern to the parties at present," said Wu Dawei, Chinese special representative for the Korean Peninsula affairs.It is China's latest move with regard to tensions on the peninsula, following the exchange of artillery fire Tuesday between the Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK).The ROK and the United States on Sunday launched a four-day joint naval drill in waters west of the divided Korean Peninsula, the U.S. aircraft carrier USS George Washington joined the drill.A statement from the U.S. Forces Korea (USFK) said it "demonstrates the strength" of the alliance between Seoul and Washington and their "commitment to regional stability through deterrence."But the DPRK on Sunday blasted the ROK-U.S. joint exercises, saying they were bringing war to the Korean Peninsula.China has repeatedly called for calm and restraint, urging the resumption of the stalled Six-Party Talks among China, the DPRK, the United States, the ROK, Russia and Japan.Wu told a press conference the consultations would aim to properly address the situation on the Korean Peninsula and were in accordance with the Joint Statement of the Six-Party Talks issued on Sept. 19, 2005.

NANJING, Dec. 12 (Xinhua) -- China on Sunday started to extend a memorial wall to engrave more names of those massacred by Japanese aggressors more than 70 years ago in Nanjing.After extension, the "wailing wall", a part of the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders, will have 10,324 names on it, curator Zhu Chengshan said.The wall was engraved with 3,000 names when it was first built in 1995, and the list was expanded to more than 8,600 names in 2007 when the memorial reopened after a major repair and extension to mark the 70th anniversary of the massacre.The original wall was 43 meters long and 3.5 meters high. The extension will lengthen the wall by 26.5 meters, with 1,655 more names added to it, according to Zhu.Nanjing Massacre happened during World War II after Japanese troops occupied Nanjing, then capital of China, on Dec. 13, 1937. More than 300,000 Chinese were killed in the month-long atrocity.To collect the names of the victims is an important but tough job in the research of the massacre, as it is hard to seek witnesses and related documents decades after the holocaust, said Zhu.

BEIJING, Nov. 28 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for approximately 7.06 billion U.S. dollars.The acquisition excludes PAE's assets in Bolivia, according to a statement on the website of CNOOC, China's largest offshore oil and gas producer.CNOOC International, a wholly owned subsidiary of the company, and BEH have agreed to contribute about 4.94 billion U.S. dollars to Bridas to finance 70 percent of the proposed acquisition. The contribution will be made in equal amounts of approximately 2.47 billion U.S. dollars by CNOOC International and BEH.The remaining 30 percent, or approximately 2.12 billion U.S. dollars, will be satisfied by third party loans to be arranged by Bridas and additional contributions from CNOOC International and BEH.Completion of the acquisition is conditional on, among others factors, all necessary government and regulatory approvals, and is expected to take place in the first half of 2011.In the first half of 2010, CNOOC International and BEH completed the formation of a half-half joint venture in Bridas.