Everbright Seeks Buyers $5.3B Share Sale

China Everbright Bankis looking for additional institutional buyers for its Hong Kong share sale,Bloombergreports. The sale is expected to raise nearly $5.3 billion.

PrudentialandUnited Overseas Bankare among 12 cornerstone investors who will buy about 30% of the offered 10.5 billion shares. The underwriters are seeking to sell at least 40% of the stock to cornerstone investors.

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