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Article: China: China Minsheng Banking selects 6 cornerstone investors: report.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: babalu03
China Minsheng Banking Corp Ltd, China's first privately-owned lender, has selected six cornerstone investors for its initial public offering in Hong Kong, sources said Friday.
The six investors are state-owned China Overseas Land & Investment Ltd, tycoon Joseph Lau Luen-hung, who is the chairman of Chinese Estates Holdings Ltd, Glorious Sun Enterprises Ltd, Zijin Mining Group Co, Taiwanese supermarket operator RT-Mart International Ltd and a fund company from the Middle East, said the sources.
Each of six inventors will be allowed to subscribe up to US$100 million worth of shares. The shares will have a lock-up period of six ...