SHANGHAI, Aug 6 (Reuters) - China Everbright Bank, which is looking to raise roughly $3 billion in an initial public offering in Shanghai, will submit a price range of 3.0-3.3 yuan per share ($0.44-$0.49) to the securities regulator for approval, a person with direct knowledge of the fundraising said on Friday.
The official China Securities Journal reported earlier on Friday that Everbright Bank was hoping to set such a price range, and said that would represent 1.54 to 1.7 times Everbright's forecast 2010 book value.
(Reporting by Samuel Shen and Jason Subler; Editing by Jacqueline Wong)
((jason.subler@thomsonreuters.com; +86 21 6104 1733; Reuters Messaging: jason.subler.thomsonreuters.com@reuters.net)) Keywords: EVERBRIGHT PRICING/REGULATOR (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The official China Securities Journal reported earlier on Friday that Everbright Bank was hoping to set such a price range, and said that would represent 1.54 to 1.7 times Everbright's forecast 2010 book value.
(Reporting by Samuel Shen and Jason Subler; Editing by Jacqueline Wong)
((jason.subler@thomsonreuters.com; +86 21 6104 1733; Reuters Messaging: jason.subler.thomsonreuters.com@reuters.net)) Keywords: EVERBRIGHT PRICING/REGULATOR (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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