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China's Home Inns files to sell 1.5 mln ADSs

Wed Apr 18, 2007 3:14pm EDT

Stocks

   

WASHINGTON, April 18 (Reuters) - China's Home Inns & Hotels Management Inc. (HMIN.O) said on Wednesday it plans to sell about 1.5 million American depositary shares.

Regulatory News  |  Bonds  |  IPOs

In an offering document filed with the U.S. Securities and Exchange Commission, the company said selling shareholders plan to issue another 871,845 ADSs.

The underwriters -- Credit Suisse, Merrill Lynch & Co. and CIBC World Markets -- will have the option to buy another 352,500 shares to cover over-allotments.

Each ADS represents two common shares.

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