Investment Updates News
- Beijing News
Date: 23-May-2007 Sources: (Shenzhen Daily)
INTERNATIONAL Finance Corp. (IFC), the private-sector investment arm of World Bank, is considering investing up to US$175 million in China's Bank of Beijing Co., with a portion of that amount allotted for shares in the bank's initial public offering (IPO).
Bank of Beijing Co., a city commercial bank, is planning a dual IPO in Hong Kong and Shanghai this year that is expected to raise more than US$1 billion. IFC said in a statement posted on its Web site that the package includes long-term loans and guarantees to support targeted investment projects and a potential equity investment in the bank to support its initial public offering.
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