Bank of China listed in HK
(Xinhua)
Updated: 2006-06-01 11:02
Bank of China Limited (BOC) was officially listed on the main board of the
Hong Kong Exchange and Clearing Limited (HKEx) and the trading of the bank's H
share began on Thursday.
BOC is the second listed bank among the four biggest commercial banks in the
Chinese mainland and the bank's initial public offering is the world's biggest
of the kind in six years.
The debut share price was 3.15 HK dollars, 6.8 percent up over the initial
public offering (IPO) price of 2.95 HK dollars.
BOC Chairman Xiao Gang said at the bank's listing ceremony at the HKEx that
the BOC's IPO is one of the most successful IPO programs in the international
capital market, which indicated the international investors' confidence in
China's long-term economic prosperity and acceptance of the bank's century-old
brand.
The BOC offered a total of 25.57 billion H shares in its global offering,
including initially 1.28 billion H shares for the Hong Kong public offering and
24.29 billion H shares for the international offering, subject to adjustment if
there is substantial oversubscription in the Hong Kong public offering.
|
