Shanghai Pudong Development Bank plans to raise about $1 billion from a share sale this year, the South China Morning Post reported yesterday. The report cited bank Chairman Jin Yun, who told a shareholders' meeting on Tuesday that the Shanghai-listed bank had not yet decided whether to sell shares in the local or overseas market. Jin said Hong Kong and Frankfurt were among the overseas markets under consideration.
Shanghai Pudong Development Bank plans to raise about $1 billion from a share sale this year, the South China Morning Post reported yesterday. The report cited bank Chairman Jin Yun, who told a shareholders' meeting on Tuesday that the Shanghai-listed bank had not yet decided whether to sell shares in the local or overseas market. Jin said Hong Kong and Frankfurt were among the overseas markets under consideration.