Stocks News
- CITIC Bank raises US$5.4b in dual listing
Date: 27-Apr-2007 Sources: (Shenzhen Daily)
CHINA CITIC Bank Corp. raised US$5.4 billion through listing shares on the Hong Kong and Shanghai stock exchanges, the company said Thursday.
CITIC Bank raised HK$28.7 billion (US$3.7 billion) by selling 4.89 billion shares at HK$5.86 each in Hong Kong, it said in a statement Thursday. It sold 2.3 billion shares at 5.8 yuan each in Shanghai, raising 13.34 billion yuan (US$1.7 billion). The IPO values the lender at US$28.9 billion. The Shanghai portion attracted more than 1 trillion yuan of orders, excluding shares earmarked for corporate investors.
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