久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

China Construction Bank prices IPO
(AP)
Updated: 2005-10-13 21:06

China Construction Bank said Thursday it has set a price range of 1.90 Hong Kong dollars to 2.40 Hong Kong dollars (24 cents to 31 cents) per share for its initial public offering in Hong Kong -- expected to be the world's biggest IPO this year.

The bank, the first of China's big state-owned banks to list shares overseas, plans to sell 26.48 billion shares to raise 50.3 billion Hong Kong dollars to 63.6 billion Hong Kong dollars ($6.5 billion to $8.2 billion).

The bank has also authorized its underwriters to sell an additional 3 billion shares, which when exercised will bring the total amount raised to 57.9 billion Hong Kong dollars to 73.1 billion Hong Kong dollars ($7.46 billion to $9.42 billion).

The public offer will open Friday Oct. 14 and close Oct. 19. Trading of the shares will begin Oct. 27.

The IPO is expected to be the largest-ever overseas listing by a Chinese company, surpassing the $5.7 billion China Unicom Ltd. IPO in 2000.

"I believe the listing is just a beginning. Internally there is still lots of work to be done regarding reforms of our business model," bank chairman Guo Shuqing told reporters.

"For us, the most important change will be the transition from a government structure to a completely commercialized operation ... the operating mechanism will become more transparent after the IPO. That will be beneficial to our clients," he said.

The bank, called CCB, has a network of more than 14,000 branches in China. As of June, the bank had 4,224.1 billion Chinese yuan ($522 billion) in total assets, 2,374.4 billion yuan ($293 billion) in total loans, and 3,781.3 billion yuan ($467 billion) in total deposits.

The bank has forecast a profit of 42 billion yuan ($5.2 billion) this year.

Foreign banks are vying for position in Chinese state-owned banks ahead of late 2006, when China fully opens its markets to overseas competition. CCB is in a strategic partnership with the Bank of America Corp., which has agreed to buy 9 percent of CCB's stakes for $2.5 billion.

The Bank of America will also spend an additional $500 million to purchase CCB's shares at the IPO price.



Which two are lucky-Let's wait and see
Scripture debate at Yonghe Lamasery
A real long-distance call
  Today's Top News     Top China News
 

China cautions yuan moves, urges US export more

 

   
 

China opens new chapter in space history

 

   
 

US-China textile talks fail - US negotiator

 

   
 

Pinter wins Nobel Prize in Literature

 

   
 

More than 60 killed in south Russia attack

 

   
 

Zero-gravity life begins with mooncakes

 

   
  US hails China's 2nd manned space mission
   
  Cows can fly, dreamer discovers
   
  For trip of a lifetime, years of hard work
   
  Record drug haul nets 6 suspects
   
  City hosts discussions on Asia Pacific growth
   
  Nerve hub of China's space programme
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 欧美性视频一区二区三区 | 看一级特黄a大片国产 | 国产精品久久久久久久专区 | 俄罗斯三级毛片 | 亚洲第一页在线播放 | 日韩一区二区三区视频 | 亚洲精品久久久久久久无 | 亚洲人成网国产最新在线 | 亚洲精品一区二区三区网址 | www.色中色| 台湾三级香港三级在线中文 | 成人看片黄a在线看 | 黄色天堂 | 12至16末成年毛片视频 | 国产成人a在一区线观看高清 | 操她视频网站 | 美女张开腿让男人捅的视频 | 91精品一区二区三区在线 | 女女同性一区二区三区四区 | 亚洲精品国产三级在线观看 | 成人高清无遮挡免费视频软件 | 福利岛国深夜在线 | 日韩黄色片在线观看 | 欧美成人免费夜夜黄啪啪 | 国产成人v视频在线观看 | 黄色网址进入 | 手机在线播放av | 老头老太做爰xxx视频 | 欧日韩美香蕉在线观看 | 在线一区二区观看 | 日本成人不卡视频 | 精品国产一区二区三区久 | 精品久久久中文字幕二区 | 国产欧美日韩一区二区三区 | 成人公开免费视频 | 国产日本韩国不卡在线视频 | 国产美女动态免费视频 | 伊人婷婷色香五月综合缴激情 | 欧美一级在线播放 | 日本午色www高清视频 | 国产精品免费一区二区区 |