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(From Asia Pulse)
Business in Asia on Oct 11, 2005. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CHINA CONSTRUCTION BANK TO LAUNCH MAJOR IPO ON OCT 27
BEIJING - Shares in China Construction Bank (CCB) will start being traded in Hong Kong on Oct. 27 following the bank's global launch of this year's biggest initial public offering (IPO), according to a leading financial newspaper. Monday's edition of China Securities Journal said the IPO may reach US$7.7 billion. The newspaper said the shares priced in a range of HK$1.80-2.25 will raise US$6.1-$7.7 billion, the biggest-ever IPO of any Chinese enterprise. Bookrunners for the deal include Credit Suisse First Boston Corp., China International Capital Corp. and Morgan Stanley.
S'TOMO MITSUI TO ARRANGE SYNDICATED LOAN FOR SHANGHAI SKYSCRAPER
TOKYO - Sumitomo Mitsui Banking Corp. has been named the foreign lead manager for a 52.5 billion yen (US$460.4 million) syndicated loan to be provided to the Mori Building Co. group's skyscraper project in Shanghai. The syndicate will finance half …