Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Stocks / IPOs
 Search News  Or
Bank of Shanghai mulls dual listing

Apr. 23, 2012 (China Knowledge) - Bank of Shanghai, a Chinese city commercial lender, is considering launching its initial public offerings both in Shanghai and Hong Kong with a total fundraising of more than RMB 30 billion or around US$4.76 billion, sources reported.

The lender plans to issue not more than 1.2 billion H-shares on the Hong Kong Stock Exchange, accounting for more than 15% of its enlarged shares, and award bookrunner the rights to exercise the over-allotment option to issue additional 15% H shares.

In addition, Bank of Shanghai has submitted an application to the China Securities Regulatory Commission to start IPO in Shanghai by issuing not more than 1.2 billion A-shares.

As of Dec. 31, 2011, the lender had 11.75% in capital adequacy ratio, 1.05 percentage points higher than the end of 2010. Core capital adequacy ratio declined by 0.18% to 8.74% at the end of last year. The city commercial bank's total assets reached RMB 655.8 billion as of Dec. 31, 2011, 15.71% more than the end of 2010.

Last year, Bank of Shanghai reaped RMB 5.81 billion in net profit, up 15.47% from a year earlier, and its operating revenue increased 9.37% year on year to RMB 14.16 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved