Everbright seeks to list in HK in July
By Zhang Fengming |
June 1, 2011, Wednesday
|
Print Edition
Print Edition
CHINA Everbright Bank Co is seeking to list in Hong Kong in July, the lender said in a statement yesterday.
The bank, which listed in Shanghai in 2010, will have a listing hearing on June 9 in Hong Kong.
In March, shareholders of the bank approved its plan to sell up to 10.5 billion H shares with an over-allotment of up to 1.5 billion shares.
Underwriters for the bank's Hong Kong listing include China International Capital Corp, Morgan Stanley, UBS AG, JPMorgan Chase & Co, BNP Paribas SA, HSBC Holdings Plc, Bank of China International Holdings Ltd, Shenyin and Wanguo Securities Co, the Beijing-based lender said.
Meanwhile, China Guangfa Bank have also hired 10 underwriters, including Deutsche Bank and Goldman Sachs, for its listing in Shanghai and Hong Kong.
Chinese banks are seeking to raise capital amid a tighter regulatory environment. They have to maintain a liquidity leverage ratio of at least 4 percent, above the Basel III requirement of 3 percent.
Big lenders have to meet the deadline by the end of 2013, and smaller banks have three extra years to meet the more stringent requirement.
The bank, which listed in Shanghai in 2010, will have a listing hearing on June 9 in Hong Kong.
In March, shareholders of the bank approved its plan to sell up to 10.5 billion H shares with an over-allotment of up to 1.5 billion shares.
Underwriters for the bank's Hong Kong listing include China International Capital Corp, Morgan Stanley, UBS AG, JPMorgan Chase & Co, BNP Paribas SA, HSBC Holdings Plc, Bank of China International Holdings Ltd, Shenyin and Wanguo Securities Co, the Beijing-based lender said.
Meanwhile, China Guangfa Bank have also hired 10 underwriters, including Deutsche Bank and Goldman Sachs, for its listing in Shanghai and Hong Kong.
Chinese banks are seeking to raise capital amid a tighter regulatory environment. They have to maintain a liquidity leverage ratio of at least 4 percent, above the Basel III requirement of 3 percent.
Big lenders have to meet the deadline by the end of 2013, and smaller banks have three extra years to meet the more stringent requirement.
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