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China bank gets IPO OK from HK bourse
www.chinanews.cn 2005-09-23 09:44:41
(Source: Dow Jones)
Sept. 23 - China Construction Bank, one of the Chinese mainland's four
largest banks, has secured the approval of the Hong Kong stock exchange's
listing committee to launch what will likely be Hong Kong's biggest
initial public offering next month, reports The Standard.
The IPO could raise as much as US$6.5 billion and, if successful, clear
the way for other sales by Chinese state lenders, the paper says.
Construction Bank is China's fourth-largest bank by assets.
��Bank of China finalized IPO team
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