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Bank of China to list early next year
(Reuters)
Updated: 2005-10-10 07:43
Bank of China plans to launch its long-awaited initial public offering in
March or April of next year, Zhu Xinqiang, the assistant to the bank's
president, was quoted as saying on Monday.
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Two women walk into
a branch of Bank of China in Shanghai in this photo taken on August 11,
2005. [newsphoto]
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Bank of China named Goldman Sachs and UBS on August 30 to manage the lender's
planned $4 billion stock listing, one of the most sought-after IPO underwriting
jobs in years.
The Hong Kong listing will be in March or April, depending on market
conditions, the Shanghai Securities News said, citing Zhu's remarks at an
economic forum in Beijing.
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