<ET Net News Agency, 24 June 2011> China Everbright Bank has postponed the IPO roadshow
due to weakening market sentiment, according to foreign newswires citing people familiar
with the situation.
The bank was previously scheduled to launch the roadshow Monday, which involves the
start of book-building for institutional investors, the sources reported. However, no
further details are provided on when the firm will start the roadshow.
The bank aims to raise about US$6 billion in the IPO by selling 10.5 billion shares.
It is expected the bank will list on the Hong Kong Stock Exchange on 15 July.
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