China Zhongwang of the largest IPO in 2009 in the world formally raised capital by floating shares
This year the new stock of the global largest IPO Zhongwang China (01333.HK) today (on 24th) started a public offering, and planed to issue 1.4 billion of global shares, of which 90% for international placement, 10% for public sale in Hong Kong. Offer price per share will be between 6.8 to 8.8 of the Hong Kong dollar, 400 shares for each hand, excluding charges entrance fee is 3520 Hong Kong dollar, and if the ceiling price, the Zhongwang will have the largest fund-raising of 12.32 billion of the Hong Kong dollar.
The draft report of the U.S. regulatory agency said the Government holding bank contained the risk
By China on April 24th, according to the Chinese network of “The Wall Street Journal” it is reported that from a top regulatory body the draft report noted that during the process of measures taken to stabilize the financial system, the U.S. government at last may get a lot of ordinary shares of Bank shares. Such an outcome will lead to a large number of thorny issues related to government in control of private sector.
Rumor: American Express and Allianz through Goldman Sachs to sell stake in the Industrial and Commercial Bank of China
According to foreign sources quoted, overseas strategic investors of Industrial and Commercial Bank of China, American Express and Allianz are planning to sell the stake in the ICBC through Goldman Sachs, which two held about 1.93% and 0.38% of the total issued share capital of the bank. ICBC last month reached an agreement with Goldman Sachs, which held the original on April 28th and October 20th, lifted a total of two batches of ICBC shares of 16,476,000,000 shares, 80% of which locked period to April 28, 2010, the remaining 20% can be lifted in April then reduced.
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