HONG KONG (Reuters) – State-owned Postal Savings Bank of China (PSBC) on Tuesday launched its up to $8.1 billion initial public offering in Hong Kong, with the vast majority of the deal covered by cornerstone investors, IFR reported.
The lender, China’s largest by number of branches, is offering 12.1 billion new shares in an indicative range of HK$4.68 to HK$5.18 each, added Reuters publication IFR, citing a term sheet of the transaction.
A group of six investors, including CSIC Investment One Limited, Shanghai International Port Group, Victory Global Group and the overseas investment arm of State Grid agreed to buy $5.86 billion worth of shares, the terms showed.
PSBC did not immediately reply to a Reuters request for comment on the IPO terms.
(Reporting by Fiona Lau; Writing by Elzio Barreto; Editing by Stephen Coates)
other blogs/websites/forums that deal with the
Studying this info So i am happy to convey that I’ve an incredibly excellent uncanny feeling I discovered just
Hi there, You have performed a great job. I’ll definitely digg it and in my opinion recommend to my friends. I’m sure they will be benefited from this website.
In classics you will find great old PC games that have since been released as free downloads. In exploration you will find some beautiful worlds
Hello! I’ve been reading your web site for a long time now and finally got the bravery to go ahead and give you a shout out from New Caney Tx! Just wanted to tell you keep up the excellent work!
You are wonderful! Thanks!
Leave a comment