Tuesday, December 21, 2010
42 billion IPO of CITIC Bank IPO issue price range announced.
<P> CITIC Bank announced the issue price range </ P> <P> According to information, CITIC Bank A share offering in this price range of 5.00 yuan / share -5.80 yuan / share (including upper and lower limits), corresponding to this price range .The price-earnings ratio is 51.40 times -59.62 fold; H share offering price range of HK 5.06 yuan / share -5.86 yuan / share. .</ P> <P> start CITIC Bank H share IPO </ P> <P> the seventh largest bank in the Mainland of China CITIC Bank today officially launched for retail investors in Hong Kong public offering. .According to the prospectus, CITIC Bank H shares at an issue price range narrowed to 5.06 to 5.86 Hong Kong dollars, while the A share issue price range is also narrowed to 5 to 5.8 yuan. .The current issue price ceilings, CITIC Bank up to the two funds raised up to 420 billion yuan. .As a result, CITIC Bank will become the Industrial and Commercial Bank, the second simultaneous listing of A + H in the banks, but also will be the largest so far this year in Hong Kong IPO. .</ P> <P> 27 日 simultaneous Hong Kong and Shanghai listing </ P> <P> CITIC Bank yesterday held at the Conrad Hotel in Hong Kong public offering of H shares of promotion. .Kong Dan, chairman of the CITIC Bank team is currently led road shows to promote San Francisco and the other team returned, led by the president Chen Xiaoxian road show in Dubai. .Two roadshows were adopted yesterday, the team participated in the public offering of video promotion. .H shares under the prospectus, the Hong Kong Public Offering will initially issue the 244 million shares of H shares, accounting for about the total size of the initial offering 4.885 billion shares of 5%. .H share offering price range is from 5.06 to 5.86 Hong Kong dollars, respectively, equivalent in 2007 from 31.6 to 36.6 times expected earnings. .IPO date is April 16 to 19 at 12 noon. .In addition to investors, securities brokerage firms and banks to participate in the subscription, can also form via the Internet by eIPO an individual subscription. .H shares for the 1000 primary shares, included in the fees, the issue price of the ceilings, the admission fee for each hand of about 5919 million. .CITIC Bank H shares will be priced on April 20, and in the prospectus published results 26, 27 in both Hong Kong Stock Exchange and Shanghai Stock Exchange. .If you open more than 100 times subscribed, H shares will start from the sale go to the public offering international call-back mechanism, that is part of the public offering of H shares will increase to 977 million shares, representing the total size of the Global Offering of 20%. .</ P> <P> the highest fund-raising 42 billion yuan </ P> <P> CITIC Bank H share prospectus shows that the bank will grant the International Offering, the underwriters over-allotment option, within 30 days after the public offering of an additional 732.8 million sale .shares H shares, accounting for under the Global Offering, the Offer Shares initially available for approximately 15%. .Over-allotment shares, including BBVA and CITIC Bank based CITIC International Financial Holdings, respectively, anti-dilution rights and the exercise of rights to subscribe for additional H-shares will be issued to him. .Exercise of the Over-allotment Option, the CITIC Bank H share offering will reach 5.618 billion shares. .Central parity of H shares at an issue price of 5.46 HK dollars, the net funds raised its global offering will reach 25.723 billion Hong Kong dollars, combined 25.443 billion yuan. .If the exercise of the over-allotment option of 15%, CITIC H Share Offer will reach 5.618 billion shares, the net funds raised its global offering will reach 29.612 billion Hong Kong dollars, or about 29.289 billion yuan. .A shares, CITIC Bank will issue a total of about 23 million shares, A shares will be conducted from 16 to 19 institutional investors, bookbuilding, 19 investors through the Shanghai Stock Exchange, the system will be open for subscription, 23, announced A shares .Offer Price. .If the issue price of the central parity basis, China CITIC Bank A shares of the net funds raised will reach 12.2 billion yuan. .According to the current issue price ceilings, the two funds raised a total of up to reach 42 billion yuan. .</ P> <P>.
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