Banking News
- Chongqing bank plans A-share IPO
Date: 17-Aug-2007 Sources: (Shenzhen Daily)
CHONGQING City Commercial Bank, a small lender in western China, tapped Goldman Sachs' mainland joint venture to sponsor a domestic initial public offering (IPO) worth up to 5 billion yuan (US$658 million), sources familiar with the deal said.
The A-share IPO is expected to take place by the end of this year, the sources said. Chongqing bank scrapped plans earlier this year for a Hong Kong listing after a deal to sell a 7.99 percent stake to U.S. private equity firm the Carlyle Group fell through.
Sponsor Results:
