Bank of Jinzhou, lender to Hanergy, set to open 1 pct up in HK debut

Bank of Jinzhou Co

07/12/2015 01:20

HONG KONG, Dec 7 (Reuters) - Shares in Bank of Jinzhou Co 
Ltd were set to open slightly up in their Hong Kong debut on 
Monday, after the lender to the parent of troubled solar 
equipment maker Hanergy Thin Film Power Group Ltd  0566.HK  
raised $794 million in an initial public offering. 
    Bank of Jinzhou's stock  0416.HK  was indicated to open at 
HK$4.70, compared with the HK$4.66 IPO price, which was near the 
bottom of a HK$4.64 to HK$5.54 marketing range. The benchmark 
Hang Seng index  .HSI  was indicated to open 0.45 percent higher 
on Monday morning. 
    The bank sold 1.2 billion new shares and a group of 11 
shareholders another 120 million existing shares in the 
offering. 
 
($1 = 6.4008 Chinese yuan renminbi) 
 
 (Reporting by Elzio Barreto and Lawrence White; Editing by 
Stephen Coates) 
 ((lawrence.white@thomsonreuters.com; +852 2847 2094; Reuters 
Messaging: lawrence.white.thomsonreuters@reuters.net)) 
 
Keywords: BANK OF JINZHOU IPO/