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  1. Key investors get US$1.9b of BOC float

    Posted May 03rd 2006, 12:00am by Staff Reporter

    ... the limit. BOC, which began pre-marketing its float yesterday, intends to sell its shares at a discount to its Hong Kong-listed mainland peers such as Bank of Communications and China Construction Bank Corp, says a report by BOC International. BOCI, Goldman Sachs and UBS are the bookrunners. In the report, BOCI said the bank might float its shares at two to 2.3 times their estimated book ...

  2. BOC hit by 914m yuan scam as it gears for HK listing

    Posted Mar 07th 2006, 12:00am by Wang Xiangwei

    ... lender, has been hit by a fresh scandal as it prepares for a multibillion-dollar Hong Kong listing by June. Rogue businessman Zhu Dequan, conspiring with officials at a BOC branch outlet ... yesterday. The bank might lose more than 400 million yuan in the fraud and five bank officials, including the former head and deputy head of BOC's Simalu sub-branch in the city, had been ...

  3. 400m reasons to rethink BOC's HK listing plan

    Posted Mar 08th 2006, 12:00am by Wang Xiangwei

    ... about the latest scandal and their typical reaction would be something like: what else is new? That is naturally followed by another question: can a scandal-ridden bank like the BOC still make ... not be an easy one but it will have to be a resounding 'no' after all facts are considered. What happened at the BOC sub-branch in the city of Shuangyashan in Heilongjiang province is shocking ...

  4. BOC gets approval for $60b HK listing

    Posted Jan 09th 2006, 12:00am by Staff Reporter

    ... Bei Hu Application may be made this week after key hurdle overcome, sources say The Bank of China (BOC) has secured key approval from the State Council to launch a $60 billion Hong Kong ... who had sought to delay the H-share offering of China's second-largest lender by assets, pending a simultaneous domestic A-share offering. Objection to BOC's Hong Kong IPO comes ...

  5. BOC public offering just step away

    Posted Feb 08th 2006, 12:00am by Staff Reporter

    ... Council last month gave in-principle approval to BOC's plan to sell most likely 15 per cent of its enlarged share capital during the initial public offering. Clearance from the commission ... Investments'- BOC's dominant state shareholder- call to convert all the bank's existing shares into H shares. That follows the precedent set by China Construction Bank (CCB) last year in its ...

  6. BOC moves to limit US dollar risks

    Posted Dec 25th 2006, 12:00am by Jamil Anderlini

    ... from the falling American dollar and reducing its overall foreign exchange exposure as the yuan continues its inexorable rise, BOC president Li Lihui said. BOC has the largest unhedged foreign ... foreign exchange holdings based on our reading of the market.' According to BOC's latest interim results, its total unhedged foreign exchange exposure is about US$17 billion. ...

  7. BOC skirts offshore stock trade ban

    Posted Jan 12th 2006, 12:00am by Staff Reporter

    ... Bei Hu Lender to sell foreign-currency products that give mainland investors access to shares in overseas-listed Chinese firms Bank of China (BOC) will start the nationwide sale today ... dollar scheme linked to a basket of large state-backed companies listed in Hong Kong. These are Sinopec Corp, PetroChina, CNOOC, China Mobile, China Unicom, China Telecom, BOC Hong Kong ...

  8. BOC intent to launch 33 warrants lifts shares

    Posted Jul 04th 2006, 12:00am by Staff Reporter

    ... Fiona Lau The Bank of China plans to release 33 derivative warrants on Monday, a record number for a single company on the first day of its warrants trading launch. The BOC launch easily beats the current record holder, China Construction Bank, which issued 24 warrants on the first day in November last year. BOC's warrants have been keenly anticipated since the stock began ...

  9. Strong demand prompts BOC to sell more shares

    Posted Jun 08th 2006, 12:00am by Staff Reporter

    ... to increase the size of its share sale by 15 per cent to US$11.2 billion, making it the world's fourth-largest initial public offering. The bank yesterday said Goldman Sachs, UBS and BOC International, the bookrunners of the flotation, would sell a further 3.83 billion shares at the offering price of $2.95. The move has raised the share of BOC's enlarged share capital sold ...

  10. Exchange's approval lets BOC move ahead on IPO plan

    Posted Apr 28th 2006, 12:00am by Staff Reporter

    ... Fiona Lau and Bei Hu The Hong Kong stock exchange yesterday in principle approved the up to US$8 billion public share sale of Bank of China (BOC), the mainland's second-largest commercial lender. The decision freed BOC and its bankers to launch pre-marketing of the initial public offering next week to international institutional investors, market sources said. BOC plans ...




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