By reviews baseball tickets 0537 GMT, fells in Minsheng Bank's shares traded up 1.13 percent to8.03 yuan in Shanghai, beating a 0.35 percent increase of thebenchmark Shanghai Composite Index .SSEC ($=6.83 yuan) (Editing by Ken Wills) China. "The market should havean interest in it." Shareholders of Minsheng earlier this week approved thebank's plan for a Hong Kong share offering, and the bank isexpected to complete a share offering in Hong Kong by the end ofthis year. [ID:nPEK103981] Minsheng said it hopes to use the proceeds from the offeringto beef up its core capital adequacy ratio to about 9 percentfrom 6 percent now. "In that case, the price is not expensive," said Sheng Nan,an analyst with UBO Kay Hian in Shanghai. BOCI, CICC and UBS couldnot be immediately reached for comments.
If Minsheng successfully sells 20 billion shares in HongKong, the bank's price-to-book ratio would be around 2 times,according to a Everbright Securities research note dated June 6 cubs rooftop . A Minsheng spokesman in Beijing declined to comment on thereport Macquarie declined to comment . The banks involved in the offering are Bank of ChinaInternational Ltd, China International Capital Corp, MacquarieGroup and UBS AG, according to a source with direct knowledge ofthe matter . * Picks BOCI, CICC, Macquarie and UBS as underwriters China * To raise 20 billion yuan ($2.93 billion) in Hong Kong * Share offering expected by year-end (Adds comments, background and byline) By Michael Flaherty and Michael Wei HONG KONG/BEIJING, June 25 (Reuters) - China Minsheng BankingCorp (600016.SS), China's first listed non-state lender, hashired four banks to handle its 20 billion yuan ($2.93 billion)Hong Kong share offering . CSR (CSR.L) The chip maker holds an emergency general meeting. TODAY'S UK PAPERS > Financial Times[PRESS/FT] > Other business headlines [PRESS/GB] (Reporting by Jon Hopkins) Stocks Stocks. PRODESSE INVESTMENT (PRD.L) The closed-end investment company holds is annual general meeting.
SERICA ENERGY (SQZ.L) The oil and gas explorer holds its annual general meeting kansas city royals . VERNALIS (VER.L) The biotechnology firm holds its annual general meeting . PLETHORA SOLUTIONS HOLDING (PLE.L) The urology specialist hosts its annual general meeting . JD SPORTS FASHION (JD.L) The sports retailer holds its annual general meeting . PETER HAMBRO MINING (POG.L) The Russian-focused miners hosts its annual general meeting. KELLER GROUP (KLR.L) The engineering contractor will issue a trading update.
[nLO62170 DSG INTERNATIONAL (DSGI.L) The electricals retailer reports full-year results kansas city t bones . DS SMITH (SMDS.L) The packaging firm delivers full-year results . MISYS (MSY.L) The IT services firm will issue a trading update . MICRO FOCUS INTERNATIONAL (MCRO.L) The software firm posts full-year results . GLISTEN (GLI.L) The health bar maker said after the market close on Wednesday that itsfull-year results would be below prior expectations, citing accounting failuresin Halo Foods, the largest part of its fruit and cereal snacks division.[nBNG495996] GOLDSHIELD GROUP GSD.L The generic drugs supplier reports full-year results. RETAIL Woolworths, the 100-year-old sweets-to-DVD retailer that collapsed earlierthis year, will on Thursday be revived as an online business by Britain'sbiggest home shopping retailer, Shop Direct, which bought the brand name inFebruary.
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