Banking News
- Bank of Beijing starts Shanghai IPO
Date: 4-Sep-2007 Sources: (Shenzhen Daily)
BANK of Beijing, in which Dutch bank ING Groep owns nearly 20 percent, launched its initial public offering (IPO) yesterday, the third city lender to go public on the mainland.
Bank of Beijing, which plans to issue up to 1.2 billion local-currency A shares, or about 19.3 percent of its enlarged capital, is also considering to float shares in Hong Kong, though details have yet to be decided, it said in a statement.
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