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China Everbright Bank to list 35B yuan of preference shares

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China Everbright Bank to list 35B yuan of preference shares

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.