China Minsheng delays IPO
21 September 2005
China Minsheng Bank, China's only privately-controlled lender, has postponed its planned US$100 million IPO until next year, and will first complete the conversion of its non-tradable shares into tradable stock, the Standard of Hong Kong reported, citing inside sources. Minsheng plans to give investors three bonus shares for A-shares currently held as compensation for the conversion.
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