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Everbright Bank says no HK listing plans

08-19-2010 08:46 BJT Special Report:Everbright Bank IPO |

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China Everbright Bank says it has no immediate plans for a Hong Kong listing, after it completes its roughly 3-billion-US-dollar Shanghai IPO. But it could tap the debt market for future funding.

The lender says the A-share offering can basically meet its capital needs for the next two years. It will use the IPO proceeds for expansion, aiming to add 80 to 100 branches annually over the next three years. It will use retained earnings to replenish its core capital base, after the IPO.

Editor:Xiong Qu |Source: CNTV.CN

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