China Everbright Bank to go public soon
By Mao Lijun | China Daily | Updated: 2008-04-02 07:32
China Everbright Bank, Everbright Group's banking unit, will go public in Shanghai in July or August, Everbright Group said yesterday.
The bank will issue more than 820 million A shares, accounting for 10 percent of its enlarged share capital, said Everbright Group, a State-owned financial conglomerate.
The bank may float shares on the Hong Kong stock exchange if its Shanghai IPO is successfully completed before the 2008 Olympic Games.
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