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Goldman launches China's ICBC selldown worth about $1 bln-source
January 28, 2013 / 10:00 AM / 5 years ago

Goldman launches China's ICBC selldown worth about $1 bln-source

HONG KONG, Jan 28 (Reuters) - Goldman Sachs launched on Monday a sale of about $1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, according to a source with knowledge of the deal.

Goldman offered the shares in ICBC, as the bank is known, at HK$5.77 each, equivalent to a discount of 3 percent to Monday’s close of HK$5.95, added the source, who was not authorised to speak publicly on the matter.

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