Malaysia's Bumi-Commerce says Yingkou IPO an option

KUALA LUMPUR, March 17 (Reuters) - Malaysia's second-biggest lender, Bumiputra-Commerce Holdings (BUCM.KL: Quote, Profile, Research, Stock Buzz), may list China's Bank of Yingkou Company through an initial public share offer as one of several options, the Malaysian bank said on Monday.

Earlier on Monday, Bumiputra-Commerce agreed to invest 156.2 million ringgit ($49.43 million) in Bank of Yingkou in return for a 19.99 percent stake.

In announcing the deal, Bumiputra-Commerce Chief Executive Nazir Razak told reporters that Bank of Yingkou could also serve as a base for expanding into Islamic finance in China. (Reporting by Clarence Fernandez, editing by Mark Bendeich)