Bank of China IPO delay

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012695-bank-of-china-ipo-delay/

By Tim Lee Master

Bank of China will delay its planned US$8 billion to US$10 billion (HK$62.4 billion to HK$78 billion) initial public offering until as late as June after it came under pressure from Beijing to sell shares both in the mainland market and in Hong Kong, sources familiar with the situation said.

Though the bank succeeded in heading off a simultaneous dual listing by promising to sell A shares in Shanghai at some unspecified date in the future, the last-minute intervention threw its listing plans off track, a source said.

For this complete story, please visit Bank of China IPO delay.

Bank of China IPO delay

Unknown Author

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