China Minsheng Banking Corporation has mandated three bookrunners for its planned initial public offering in Hong Kong alongside UBS, which was earlier named global coordinator and lead bookrunner, sources said yesterday. The move confirms that preparations for a Hong Kong listing are now well underway and that the Shanghai-based lender is pushing ahead with a plan to debut here before the end of this year.
Earlier this week, Minsheng's existing shareholders voted for the plan at a shareholders' meeting.
Sources said BOC International, China International Capital Corp and Macquarie have been appointed bookrunners for the offering together with UBS. The mandates had been coveted as the deal promises to be one of the...
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