Date
24 October 2017

Bank of Shanghai to pursue dual listing, paper says

Bank of Shanghai Co. Ltd. is pushing through with its plan to list in mainland China and Hong Kong, the Shanghai Securities News reported Tuesday, citing an official with the lender. The date of the listing will depend on the regulators’ approval and the market situation, the official said, adding that the bank hopes to sell shares when the valuation is reasonable. Meanwhile, the lender plans to issue up to 15 billion yuan (US$2.44 billion) worth of tier-2 debt to boost its capital base within three years, the report said.

– Contact HKEJ at [email protected]

KZ/AC/CG

 

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