Minsheng Bank Gets Approval to Isue H-shares


China Minsheng Banking Corp., Ltd. said Thursday that it has gotten approval from the securities regulator to issue up to 1.65 billion new Hong Kong-listed shares.

The H-share issuance has been approved by the China Securities Regulatory Commission, the bank said in statements to the Shanghai and Hong Kong bourses.

The bank's shares edged down 0.31 percent on Thursday to 6.45 yuan (1.02 U.S. dollars) per share on the Shanghai Stock Exchange. Its share price fell 0.40 percent to 7.51 Hong Kong dollars on the Hong Kong bourse.

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