CICC chooses spon­sors for HK of­fer­ing, sources say

China Daily (Canada) - - BUSINESS -

China In­ter­na­tional Cap­i­tal Corp, the coun­try’s first in­vest­ment bank, picked ABC In­ter­na­tion­alHold­ings Ltd and CCB In­ter­na­tional (Hold­ings) Ltd as joint spon­sors for an ini­tial pub­lic of­fer­ing in­Hong Kong, said peo­ple with knowl­edge of the mat­ter. The share sale will value CICC at more than $3 bil­lion, said the peo­ple, who asked not to be iden­ti­fied be­cause the in­for­ma­tion is pri­vate.

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