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Bank of China (Hong Kong), the second largest banking group in Hong Kong, is expected to be listed in the Stock Exchange of Hong Kong in July, according to exchange sources.
The Stock Exchange of Hong Kong's listing committee has given green light to Bank of China (BOC) (Hong Kong), which is estimatedto start marketing its initial public offering (IPO) on July 5 andto be listed on July 25.
The offering is expected to raise up to 3 billion U.S. dollars, making it one of Hong Kong's largest IPOs this year, Hong Kong's English newspaper South China Morning Post Friday quoted the exchange source as saying.
Securities analysts and fund managers have expressed keen interest in the offering.
The bank will announced its 2001 annual results next week.
(Xinhua News Agency June 21, 2002)
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