UPDATE 1-China Minsheng gets HK OK for $4 bln IPO-source

Thu Oct 29, 2009 11:12pm EDT
 
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(Adds details on Hong Kong exchange)

HONG KONG/BEIJING, Oct 30 (Reuters) - China's Minsheng Banking Corp (600016.SS) has been granted approval from the Hong Kong stock exchange to go ahead with its more than $4 billion IPO, sources said on Friday.

The mid-size lender will kick off the roadshow for its Hong Kong offering on Nov. 9, the sources said.

Minsheng had previously said it aimed to list the 30 billion yuan ($4.40 billion) IPO by the end of the year.

($1=6.826 YUAN)

(Reporting by Kennix Chim and Michael Flaherty; Additional reporting by Tom Miles in BEIJING; Editing by Jonathan Hopfner)

 

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