On November 28, China Everbright Bank passed its share-selling
plan at the shareholders meeting with 94.14 percent of the votes in
approval. Once enacted, the bank may officially begin to bring in
strategic investors and prepare for its IPO debut.
According to the plan, the Central Huijin Investment Company
Limited is allowed to purchase 20 billion newly-issued shares of
the bank at 1 yuan per share. After the plan was passed, the bank
signed a share-selling contract with Huijin and 20 billion yuan is
to be transferred to the bank today.
For more details, please read the full story in Chinese. (
http://www.thebeijingnews.com/news/intime/2007/11-29/011@093021.htm)
(China.org.cn November 29, 2007)
