People's livelihood international placing over 15 billion USD Temasek wants two degree shares

Following the issuance of H-shares by Citic Bank, Minsheng Bank has become the seventh domestic bank to be listed in Hong Kong.　　Although the H-share financing plan has stalled twice, the Minsheng Bank's international placement has won the favor of many buyers, including Temasek's many "old club" is expected to return to the stake. Minsheng Bank in the month of 13th to 18th to carry out a public offering, is expected to price 19th, 26th trading.　　Market sources said that, along with the subscription of basic investors and institutional investors, Minsheng Bank International allocation was 5 times times oversubscribed, involving 15 billion U.S. dollars. The news also said that Soros, Tiger funds, Hopu funds and other capital giants have been to subscribe to the Minsheng Bank H shares, the Middle East, India and other regions of the bank's shares have been sought after by investors.　　Earlier news that Soros stake in Minsheng Bank 100 million U.S. dollars, Hopu fund is $1 billion. Minsheng Bank's global sale of the total number of H shares is 3.321 billion shares, of which the initial arrangement of international placements 3.16 billion shares, accounting for 95% of the global selling stocks, and the number of public placements shares 166 million shares, accounting for 5%.　　In the 30th after the opening of the public offering, Minsheng Bank can also issue 498 million shares of H shares through excess placements. The H-Share financing will solve the capital bottleneck caused by the rapid development of CMBC's business, but it will also bring down pressure on the bank's net assets yield. According to the bank's international research, if the bank raises 30 billion yuan, the core capital adequacy ratio will be raised to about 9.3% to support its expansion over the next 3 years.　　And if the financing of 20 billion yuan, the core capital adequacy rate increased to about 8.3%, two years later, will be less than 7%. 5 of the basic investors will subscribe to the Minsheng Bank's HK $2.635 billion share, of which the Chairman and vice chairman of the Sun-rising company have subscribed for $100 million, and the pretty Wave 2¥q, wholly owned by the Chinese estates group, is subscribed to $100 million, China Overseas Financial Investment Co., Ltd., a wholly-owned subsidiary of Chinese Offshore Group Ltd., subscribed for USD 60 million.　　While the Yun Chongyao wholly-owned ever Eagle 2¥q subscribed for $50 million, China Ping An asset management (Hong Kong) Limited subscribed for $30 million.　　The shares held by the above basic investors shall not be reduced directly or indirectly within 6 months after the listing of Minsheng Bank. There are plenty of old faces for buyers of Minsheng's H shares.　　China Life in 2007 with China Peace and security participated in Minsheng Bank A-share directed issuance of 600 million shares, also actively participate in the subscription, but the subscription amount was not determined. According to Hong Kong media reports, Temasek will also subscribe to the Minsheng Bank H shares. Like peace and life, Temasek was a former owner of Minsheng Bank. Temasek was the seventh largest shareholder in the company as a strategic investor in 2004, with 472 million per cent of the Minsheng bank's shares lifted by Temasek three years later.　　Temasek has reduced its holdings since the two quarter of 2008 to the beginning of this year. However, the old shareholders of the Minsheng Bank meet again, the size of the subscription has shrunk. China Ping An as a basic investor, 30 million U.S. dollarsThe subscription amount is the lowest of 5 investors, while China life and Temasek are not among the base investors, and their subscription size is limited by the oversubscribed ratio. A person close to the Minsheng bank was surprised by Temasek's subscription intentions.　　Market participants believe that Temasek's previous withdrawal, on the one hand, and the financial crisis of its own situation, on the one hand, may also be expected to invest in the United States Bank of America holding potential losses and early departure.　　Temasek's former director, Victor, disagreed with the Minsheng Bank's investment in the United States because the investment was not in good agreement with the bank, and the bank's business was highly concentrated on real estate mortgages and construction loans, with a lower proportion of trade financing. But the loss of Minsheng's investment in the United States has not been the concern of the agencies involved in the share-holding international placement.