BOC Share Hong Kong Public Offer Opens

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Last updated at: (Beijing Time) Monday, July 15, 2002

BOC Share Hong Kong Public Offer Opens

Public offer of shares in Hong Kong from the Bank of China (Holdings) Limited opened Monday with application forms available to investors.

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Public offer of shares in Hong Kong from the Bank of China (Holdings) Limited opened Monday with application forms available to investors.

Liu Mingkang, chairman of the company said the Hong Kong publicoffer, due to close at 12:00 noon on Thursday, marks an important step for the company as it may soon become a major, publicly held financial institution.

The company's share offer consists of a public offering in HongKong and an international offering to institutional investors.

It intends to sell about 2.3 billion shares, or 21.74 percent of the issued share capital of the company, through the share offer and dealings in the shares on the Stock Exchange of Hong Kong is expected to commence on Thursday.

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