Goldman Sachs selling up to $1.9 bln in ICBC shares

HONG KONG, June 1 (Reuters) - Goldman Sachs (GS.N) was on Monday selling up to about $1.9 billion worth of shares in Industrial and Commercial Bank of China (1398.HK)(601398.SS) at a discount of 4 percent to 6 percent below its Monday closing price, according to a term sheet.

The Wall Street bank was selling 3.03 billion shares at HK$4.80-HK$4.90 each, the term sheet said. ICBC shares rose 4.7 percent to close at HK$5.11 each. (Reporting by Alison Lui, Clare Jim and Tony Munroe, Editing by Jacqueline Wong)