China Minsheng picks handlers for $2.93 bln HK IPO

HONG KONG, June 25 (Reuters) - Minsheng Bank Corp (600016.SS), China's first listed non-state lender, has hired four banks to handle its 20 billion yuan ($2.93 billion) Hong Kong initial public offering.

The banks involved in the offering are Bank of China International Ltd, China International Capital Corp., Macquarie Group (MQG.AX) and UBS AG (UBSN.VX), according to a source with direct knowledge of the matter.

The company expected to complete a share offering in Hong Kong by the end of this year, an executive said on Monday.

The Shanghai-listed lender expects to issue up to 15 percent of its expanded capital, or up to 3.32 billion shares. There will be a greenshoe option to increase the issue by an additional 15 percent.[ID:nSHA35292] ($=6.83 yuan) (Reporting by Michael Flaherty; Editing by Chris Lewis)