Banking News
- Regulator approves Construction Bank IPO
Date: 10-Sep-2007 Sources: (Shenzhen Daily)
CHINA Construction Bank Corp. (Construction Bank) got the go-ahead from the securities regulator to launch an initial public offering (IPO) to raise up to US$7.4 billion, in what will be the mainland's largest stock sale.
The bank, the country's second-largest lender by assets, will list 9 billion A shares in Shanghai in late September, regulators said.
Sponsor Results:
