Deals
Minsheng Bank Seeks $1.46 Billion in Hong Kong Share Sale
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China Minsheng Banking Corp., the nation’s first non-state lender, is seeking as much as HK$11.3 billion ($1.46 billion) in a Hong Kong share sale to shore up capital amid tightened rules for risk buffers.
The Beijing-based bank is offering 1.65 billion shares at HK$6.65 to HK$6.86 apiece, according to terms for the deal obtained by Bloomberg News. That represents a discount of as much as 7 percent to the March 23 closing price of HK$7.15.