Briefs, October 25, 2012

A Citic Bank shareholder offered US$235 million worth of the bank's shares for sale at a discount of up to 3.15 per cent, a term sheet showed yesterday. The unidentified shareholder offered 458 million of the bank's shares at between HK$4 and HK$4.07 each, it showed. The bank's shares closed at HK$4.13. Reuters

Mainland carmaker BYD won a preliminary order to supply 50 electric cabs to a London-based minicab company, gaining its first foothold in the international market. BYD's e6, a pure electric car, will join the fleet of Greentomatocars, London's second-largest minicab service company, from the second quarter of next year. Charlotte So