Categories
Banking & Finance

Minsheng Banking to delay HK IPO

China Minsheng Banking Corp probably will postpone its Hong Kong IPO until completion of the Bank of Communications offering this month, state media reported, citing the South China Morning Post. BoComm, China's fifth-largest lender, hopes to raise US$2.2bn for the sale and China Minsheng is seeking to raise US$800m, pricing its shares at a discount relative to BoComm's.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading