Bank of Zhengzhou Co., Ltd. (06196.SZ) announced on Friday that it would start initial public offering (IPO) of 1.32 billion H shares at a price range of 3.85-4.21 HK dollars per share on the Stock Exchange of Hong Kong Limited from Friday.
According to the announcement, 90 percent of the new shares will be offered to global investors while ten percent will be offered to HK investors. The bank is scheduled to go listing on the Hong Kong exchange on December 23.
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