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Article: MINSHENG BANKING EYEING NO.1 HK IPO IN 09
- Article from:
- AsiaInfo Services
- Article date:
- November 10, 2009
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AsiaInfo Services
11-10-2009
Minsheng Banking Eyeing No.1 HK IPO in 09
HONG KONG, Nov 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Minsheng Banking (SHSE: 600016) kicked off road show for an IPO on the Stock Exchange of Hong Kong on November 9 and the price of shares it will issue in the IPO is predicted at HKD 8.5 to HKD 9.5 apiece.
Then the proceeds will reach HKD 28.23 billion to HKD 31.56 billion, making the IPO become the biggest one on the Hong Kong bourse in 2009. The bank plans to issue 3.32 billion shares in the IPO, of which about five percent will be for retail investors and about 95 percent will be for institutional investors. In addition to a 15 percent green ...