三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  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: 久久亚洲网站 | 看全大色黄大色黄大片一级爽 | 成人做爰全过程免费看视频 | 1024国产手机视频基地 | 青春草在线视频精品 | 黄色二级视频 | 女人被免费看在线看 | 综合网视频 | 五月婷婷丁香久久 | 欧美日韩精品一区二区三区视频播放 | 欧美综合精品一区二区三区 | fc2成人免费人成在线观看播放 | 福利一区二区三区视频在线观看 | 91国内精品久久久久影院优播 | 亚洲自拍偷拍视频 | 亚洲国产精品免费在线观看 | 欧美色黄毛片 | 色一伦一情一区二区三区 | 亚洲电影一区二区三区 | 26uuu亚洲影视新地址 | 国产资源网站 | 丝袜美足国产一区在线 | 欧美污污网站 | 亚洲精品视频免费看 | 国产成人精品一区二区三区 | 午夜激情在线 | 国产色图区 | 久久a视频| 国产一区二区三区波多野吉衣 | 一级一级人与动毛片 | 高h猛烈做哭bl壮汉受欧美 | 达达兔欧美午夜国产亚洲 | 国产精品久久久久久久久久一区 | 一区免费 | 日韩欧美一区二区三区在线视频 | 最新国产网址 | 波多野吉衣一区二区三区四区 | 国产成人精品第一区二区 | 成人免费片 | 国产欧美一区二区精品性色 | 成人黄色网址 |