China's Mingsheng Bank seeks Hong Kong IPO: report

HONG KONG (AFP) - – China Minsheng Banking Corporation plans to list on the Hong Kong stock exchange with a 4.68-billion-dollar initial public offering (IPO), Dow Jones Newswires reported Sunday, quoting an unnamed source.

The mid-sized Chinese lender will sell about 3.3 billion shares in the 8.50 to 9.50 Hong Kong dollar (1.10-1.23 US dollar) range with an option to boost the size of the deal to 4.68 billion US dollars, Dow Jones said.

China Minsheng, which is already listed in Shanghai, plans to launch the IPO on November 26, Dow Jones said.