Everbright Bank Seeks Listing

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Sunday, September 24, 2000, updated at 10:19(GMT+8)

Business

Everbright Bank Seeks Listing

China Everbright Bank is expanding its capital and has off-loaded many of its bad assets in a scramble for a listing on one of China's domestic stock markets next year.

The bank is boosting its registered capital by RMB3 billion (US$362 million) from RMB6.2 billion (US$794 million) by placing shares with existing shareholders.

The share placement, which is under way and due to be completed by the end of this year, would help the bank raise its capital adequacy ratio to the level needed for a listing. (Panorama)


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	China Everbright Bank is expanding its capital and has off-loaded many of its bad assets in a scramble for a listing on one of China's domestic stock markets next year.




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