ZRCB latest among the rural banks to receive IPO nod
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-05-23 07:21
Zhangjiagang Rural Commercial Bank has received the approval of the China Securities Regulatory Commission last week to go ahead with its planned initial public offering, which is set to raise at least 2.3 billion yuan ($354 million).
It is now the fifth rural commercial bank waiting to make its IPO on the A-share market.
Wuxi Rural Commercial Bank Co Ltd, Jiangyin Rural Commercial Bank Co Ltd, Changshu Rural Commercial Bank Co Ltd and Wujiang Rural Commercial Bank Co Ltd are the other four in the IPO queue.
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