Banking News
- Regulator to review Construction Bank IPO
Date: 5-Sep-2007 Sources: (Shenzhen Daily)
THE securities regulator said it would review Friday a plan by China Construction Bank (Construction Bank) for an initial public offering (IPO) of domestically listed shares that is expected to raise at least US$6 billion.
Construction Bank will issue up to 9 billion new A shares, accounting for as much as 3.85 percent of its expanded share capital, the bank said in a statement posted on the Web site of the China Securities Regulatory Commission on Monday.
Sponsor Results:
