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US Federal Reserve turns down China Minsheng Bank bid for UCB(24 Nov 2009 14:22:00 EST)24 November 2009 - US Federal Reserve has turned down the bid of China Minsheng Banking Corp Ltd to acquire US United Commercial Bank, the Wall Street Journal said quoting an insider at the Chinese bank. The Federal Reserve's decision was grounded on regulatory restrictions on foreign investment in US banks.
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China Minsheng said to pocket HKD30.1bn in HK IPO(19 Nov 2009 05:59:00 EST)19 November 2009 - China Minsheng Banking Corp has raised HKD30.1bn in its initial public offering of shares in Kong Hong, Bloomberg reported today citing three sources close to the sale.
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Chinese mainland bank Minsheng launches 3.9-bln-USD IPO in Hong Kong [Xinhua News Agency](13 Nov 2009 03:04:00 EST)China Minsheng Banking Corp., the mainland's leading non-state-owned bank, launched an initial public offering on the Hong Kong stock market on Friday to raise around 30 billion HK dollars.
