Bank of Tianjin IPO Said to Draw China State Shipbuilding, Tewoo

  • Cornerstone investors to buy about $560 million of IPO shares
  • Commercial lender to start taking investor orders Tuesday

Bank of Tianjin Co., a commercial lender based in the northern Chinese port city, plans to sell about $560 million of stock to seven cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said.

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