Stocks News
- Chongqing bank targets HK listing
Date: 8-Feb-2007 Sources: (Shenzhen Daily)
CHONGQING City Commercial Bank, a small lender in southwestern China, plans to raise as much as US$300 million in a Hong Kong initial public offering in 2008, the South China Morning Post newspaper reported yesterday, citing unnamed sources.
Lehman Brothers has been given the mandate to restructure the bank and arrange the offering while major banks are expected to join the deal, the newspaper said, citing a person familiar with the deal.
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