BOE Technology Group Co. Ltd. (000725.CN) said in regulatory filing Tuesday that it plans to take up some Bank of Chongqing shares in the latter’s initial public offering in Hong Kong. The company will invest up to US$20 million in the Chinese lender. The investment will be made through a wholly-owned Hong Kong unit of BOE, according to the filing. Bank of Chongqing is expected to set its IPO price on Thursday, according to a Yicai.com report.
– Contact HKEJ [email protected]