19 July 2019

Harbin Bank seeks up to US$1.3 bln in Hong Kong IPO, WSJ says

Harbin Bank will raise up to US$1.3 billion in its initial public offering, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The bank is selling 3.02 billion shares in the range of HK$2.89 to HK$3.33 (37-43 US cents), representing 0.8 times to 0.9 times forecast 2014 earnings, the report said. It aims to list on the Hong Kong Stock Exchange on March 31. 

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