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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

China Everbright IPO oversubscribed

Posted on 05 August 2010

From WSJ: China Everbright Bank Co., which aims to raise up to 20 billion yuan ($2.9 billion) in an initial public offering in Shanghai, said Wednesday the strategic tranche of the deal was about seven times covered and it has selected 30 subscribers as cornerstone investors. Central Huijin Investment Ltd., the domestic investment arm of China’s sovereign wealth fund, owns 60% of Everbright Bank.
It didn’t name any of the investors, but said they include clients, state-owned enterprises and cash-rich existing shareholders……………………………………….Full Article: Source


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