Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-06-02
Peter Woo is joining the bank, "the cornerstone" investor ranks
"Cornerstone" investors to subscribe for the amount rose to 30.8 billion Hong Kong dollars
Industrial and Commercial Bank of China recently made available to institutional investors, the disclosure of the preliminary prospectus, H shares part of the international placement companies placement investors (commonly known as the "cornerstone" investors) the number of the original 12 groups (15) to 13 groups, new entrants those for Wheelock (0020.HK) chairman Peter Woo, the subscription amount to 16 billion HK dollars. As a result, ICBC's H shares "cornerstone" investors to subscribe for the amount of up to 30.8 billion Hong Kong dollars.
Prior to determining the "cornerstone" investor subscriptions were yes, the Kuwait Investment Authority and Singapore's GIC invested 5.6 billion Hong Kong dollars, respectively, and 2.8 billion Hong Kong dollars subscribed, China Life Group and China Life Insurance to subscribe for 4.4 billion Hong Kong dollars, respectively, and 20 billion HK dollars, Cheung Kong and and yellow, Henderson Land, Sun Hung Kai Properties, Chow Tai Fook, CITIC Pacific and Larry Yung Chi Kin, Kuok Group, Nan Fung Group, the Qatar Investment Authority and UOB Bank subscribe for 1.6 billion Hong Kong dollars.
The "cornerstone" investors will be given priority placement in the international placement, but the allocated shares with a certain lock-up period in order to stabilize the performance of shares after the listing. ICBC "cornerstone" investors allocated shares of IPO lock-up period of 12 months, the potential investors also agreed to lock-up period after it is allocated to sell stake in ICBC will first be made in writing.
