China Everbright Bank is looking for additional institutional buyers for its Hong Kong share sale, Bloomberg reports. The sale is expected to raise nearly $5.3 billion. Prudential and United Overseas Bank are 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.
Click here for the story from Bloomberg.