China Everbright Bank seeks to list in Hong Kong

The probable July listing could be worth as much as $7 billion.

A Reuters report said, “Shareholders of the bank have approved its plan to sell up to 10.5 billion Hong Kong-listed shares, with an over-allotment of up to 1.5 billion shares to boost its capital adequacy ratio.”

The Shanghai-listed bank will have a listing hearing on June 9.

View the full report here.