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BANKING

Huishang Bank to pre-market IPO up to HK$1.2b on Monday

Hefei-based Huishang Bank has received secured listing approval from the Hong Kong Stock Exchange and will on Monday commence pre-marketing its IPO

PUBLISHED : Friday, 18 October, 2013, 2:40pm
UPDATED : Friday, 18 October, 2013, 2:40pm

China’s Huishang Bank Corporation Limited is set to pre-market its Hong Kong initial public offering on Monday, seeking to raise US$1-US$1.2 billion, IFR reported on Friday.

Hefei-based Huishang Bank secured listing approval from the Hong Kong Stock Exchange on Thursday, the report added. Huishang joins Bank of Chongqing, another Chinese city commercial lender to seek a Hong Kong listing this month.

Pre-marketing is scheduled to run for a week, with a roadshow set to be launched in the week of October 28, IFR, a Thomson Reuters publication, reported, citing two sources familiar with the matter.

BOC International, Citic Securities International, JP Morgan, Morgan Stanley and UBS are leading the transaction.

 

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