China Minsheng starts IPO pre-marketing Monday -Caijing

Thu Oct 29, 2009 8:04pm EDT
 
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BEIJING, Oct 30 (Reuters) - China's Minsheng Banking Corp (600016.SS) will start pre-marketing for its Hong Kong initial public offering on Monday after China's banking regulator approved its listing plan, Caijing magazine reported on Friday.

Minsheng had previously said it aimed to make the 30 billion yuan ($4.40 billion) IPO by the end of the year, becoming the first Chinese bank to list in Hong Kong this year.

Caijing, citing unnamed sources, said bookbuilding for the IPO would begin on Nov 9, and the listing was expected to be completed in November. ($1=6.826 YUAN)

(Reporting by Tom Miles; Editing by Jonathan Hopfner)

 

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