SHANGHAI PUDONG DEVELOPMENT BANK LIKELY NOT TO LIST IN HK IN 08
AsiaInfo Services, January, 2008
AsiaInfo Services 01-11-2008 Shanghai Pudong Development Bank Likely not to List in HK in 08 BEIJING, Jan 11, 2008 (SinoCast via COMTEX) -- Shanghai Pudong Development Bank (SHSE: 600000) is likely not to go public in Hong Kong in 2008, although the initial public offering there is an option to raise money, said a top executive with the bank. The lender does not starve for money collection for the business expansion, the president Fu Jianhua said.
At the end of June 2007, the capital adequacy ratio of the bank was 8.46%, declining 0.81 percentage points from the 9.27% in the period a year earlier. In September 2007, it issued its first asset-backed securities worth CNY 4.383 billion. And at the end of December, it offered CNY 6 billion subordinated bonds, in a bid...
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