Huishang Bank Said to Plan $1 Billion Hong Kong IPO in 2014
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Huishang Bank Corp., a lender in China’s eastern Anhui province, is preparing for an initial public offering in Hong Kong that could raise about $1 billion, according to two people with knowledge of the matter.
Huishang, based in the city of Hefei, invited investment banks to bid for advisory roles, the people said, asking not to be identified because the information is private. The share sale may start next year, they said.