BOC's HK listing a "milestone"

        BEIJING, May 18 -- Bank of China (BOC), the mainland's second-largest lender, said its imminent Hong Kong listing will help enhance its efficiency and transparency and improve its profit margin.

        Calling it a milestone step in the bank's history, the BOC expects the listing will help it grow comprehensively, said Xiao Gang, chairman of the BOC, at a video conference in Hong Kong Wednesday.

    Bank of China plans to issue no more than 10 billion A share

        HONG KONG, May 17 (Xinhua) -- Bank of China limited (BOC) said on Wednesday that it plans to issue no more than 10 billion A shares after its ongoing global offering of H shares, in an effort to collect no more than 20 billion yuan (about 2.5 billion U.S. dollars).

    BOC Chairman Xiao Gang said at a press conference on Wednesday that the issuance of A shares will be completed by July, 2007, adding the issuance of A shares will not harm the interests of the holders of H shares.

[1] [2] [3] [4] [5] [6]