China Everbright Bank Co. Ltd. plans to list 35 billion yuan of preference shares that it issued to 19 investors on a nonpublic basis.
The lender is set to list 350 million preference shares on the Shanghai Stock Exchange Aug. 5, according to a July 31 release.
Upon listing, transfer of the units will be restricted to not more than 200 investors.
As of July 31, US$1 was equivalent to 6.88 Chinese yuan.
