Jinzhou launches $943m IPO with one cornerstone

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Jinzhou launches $943m IPO with one cornerstone

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Hong Kong skyline at night | Leung Cho Pan/leungchopan - Fotolia

Bank of Jinzhou Co started taking orders on Monday for its up to HK$7.31bn ($943.25m) IPO in Hong Kong, with just one cornerstone investor taking up 15% of the shares in the Chinese city commercial lender.

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