久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

BoCom set to launch US$1.9b IPO in HK
By Vincent Lam (China Daily)
Updated: 2005-06-13 05:50

HONG KONG: The Bank of Communications (BoCom), the nation's fifth-largest lender, is set to launch its HK$14.9 billion (US$1.9 billion) initial public offering (IPO) today in Hong Kong's H-share market.

The Shanghai-based and nation's first shareholding bank is aiming to sell 5.856 billion shares for HK$1.95 (25 US cents) to HK$2.55 (32 US cents) apiece. Ninety-five per cent of the shares will be initially offered internationally with the remaining 5 per cent put up for subscription in Hong Kong.

The minimum subscription with 1,000 shares per lot is approximately HK$2,600 (US$334).

The bank announced earlier that its net profit for 2005 would be no less than 7.8 billion yuan (US$940 million). BoCom's 2004 profit fell 63 per cent to 1.6 billion yuan (US$193.2 million) from 4.38 billion yuan (US$5.3 million) in 2003 after the Ministry of Finance cancelled a 9.67 billion yuan (US$1.17 billion) tax credit.

Co-underwritten by Goldman Sachs and HSBC, the price range represents 1.3 to 1.6 times the estimated 2005 book value and 11.1 to 14.5 times its 2005 profit forecast which is cheaper than Hong Kong-traded banks including HSBC Holdings Plc and Standard Chartered Plc.

The bank's capital adequacy ratio climbed to 9.72 per cent in 2004, higher than the 8 per cent international standard, after the central government pumped funds into the bank to prepare for its listing.

The subscription offer ends on June 16 with the trading debut set for June 23. The IPO of BoCom, one of the nation's most profitable banks, is seen by the market as the first step in a rush of mainland banks to list in Hong Kong.

The bank has brought HSBC on board as its strategic investor, letting go a 19.99 per cent stake, in a bid to enhance the quality of its corporate governance as well as impose more stringent credit control practices.

Following BoCom, China Construction Bank, the nation's third-biggest lender, and China Minsheng Banking Corp, the first privately-owned bank, are both slated to go public in Hong Kong this year as the race heats up to restructure to take on the full scale entry of foreign banks to the Chinese mainland at the end of 2006.

(China Daily 06/13/2005 page2)



 
  Today's Top News     Top China News
 

Flooding leaves 89 students dead in Heilongjiang

 

   
 

EU: Yuan be pegged to a basket of currencies

 

   
 

Top Korean officials to meet in Pyongyang

 

   
 

EU, China clinch deal to avert showdown

 

   
 

Official AIDS intervention sparks disputes

 

   
 

G8 agrees to historic debt-relief plan

 

   
  Death toll rises to 92 in Heilongjiang flooding
   
  EU: Yuan be pegged to a basket of currencies
   
  Official AIDS intervention sparks disputes
   
  Belgian King concludes state visit to China
   
  Hong Kong plans to enact anti-spam law
   
  Major rivers stable, Southwest drought severe
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 在线观看一级毛片免费 | 欧美三级黄色 | 美国一级毛片oo | a级一级毛片 | 成人交性视频免费看 | 毛片网站免费在线观看 | 成人网18免费网站在线 | 亚洲欧美视频一级 | 996热这里有精品青青草原 | 国产成人免费a在线资源 | 国产成人在线小视频 | 欧美日韩专区国产精品 | 国产精品成人久久久久久久 | 欧美日韩综合高清一区二区 | 成人黄网18免费观看的网站 | 在线步兵区 | 欧美一级毛片一免费 | 国产99视频精品免费视频7 | 国产成人精品福利站 | 久久综合精品国产一区二区三区无 | 亚洲免费高清视频 | 爽爽窝窝午夜精品一区二区 | 色日韩 | 亚洲国产精久久久久久久 | 美女黄色在线网站大全 | 超级碰碰碰视频视频在线视频 | 亚洲精品中文字幕在线 | 国产成人综合在线 | 久久成人综合网 | 综合久久久久久久 | 欧美日韩高清在线观看一区二区 | www.欧美xxxx| 男人天堂中文字幕 | 日日噜噜噜夜夜爽爽狠狠69 | 亚洲一区二区三区精品影院 | 亚洲成a人片在线观看精品 亚洲成a人片在线观看中 | 欧美一区二区三区精品 | 国产高清无专砖区2021 | 欧美一级毛片特黄黄 | 欧美大片在线播放 | 色拍拍在精品视频69影院在线 |