Caixin OnlineFinance & EconomicsTop Stories Finance Guangfa Bank Hires IPO Underwriters
05.17.2011 18:19

Guangfa Bank Hires IPO Underwriters

Dong Jianyue, chairman of Guangfa Bank, told Caixin in a May 16 interview that the bank's dual listings are awaiting approval from the State Council
By staff reporter Liu Wei

(Beijing) -- China Guangfa Bank has hired ten international and domestic financial institutions as underwriters for its Hong Kong-Shanghai dual listings.

Dong Jianyue, chairman of Guangfa Bank, told Caixin in a May 16 interview that the bank's dual listings, which are expected to raise around 35 billion yuan, are awaiting approval from the State Council, and the schedule of the listing will be determined by the approval process and market conditions.

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