Huishang Bank meets investors for $1.2bn HK float

By Rev Hui
21 Oct 2013

Chinese provincial lender Huishang Bank started gauging investor demand for a $1.2bn Hong Kong IPO on October 21.

Hefei based Huishang Bank plans to offer 2.5bn shares and is hoping to use the money to strengthen its core capital base. The company posted a core capital adequacy ratio of 10.3% for the year ended December 31, which was slightly lower than the 10.87% recorded during the ...

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