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China to vet Everbright Bank's Shanghai IPO next Monday
July 22, 2010 / 9:17 AM / 7 years ago

China to vet Everbright Bank's Shanghai IPO next Monday

SHANGHAI, July 22 (Reuters) - China’s securities regulator said it would review China Everbright Bank’s application for an initial public offering in Shanghai next Monday.

Everbright Bank plans to sell up to 6.1 billion yuan-denominated A shares, the lender said in its preliminary prospectus published on the regulator’s website on Thursday.

If the bank chooses to exercise an overallotment option, it will sell up to 7 billion shares. ($1=6.77 Yuan) (Reporting by Samuel Shen and Jacqueline Wong)

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