免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Yanzhou delays Huaxia stake sale
(China Daily/HK Edition)
Updated: 2005-04-15 14:00

SHANGHAI: China's top coal producer has postponed a planned auction of a 6.9 per cent stake in Huaxia Bank after a last-minute decision to let foreign firms bid, its auctioneer said yesterday.

Yanzhou Coal Mining hoped to unload 289 million non-traded institutional shares for at least 2.92 yuan each today, raising more than 800 million yuan (US$97 million), Shandong Yinxing Auction said earlier this month.

That price represented a 26 per cent discount to its publicly traded share price and about 1.3 times the lender's book value.

"We've been told by our client to halt the auction," a senior executive with Yinxing Auction told Reuters, declining to say when the auction would be held.

Yinxing said in a statement foreign participants would need to lodge a deposit of US$6 million and have assets of at least US$10 billion, and must have posted profits for the past two years. Whichever company buys the shares would instantly become Huaxia's fourth-largest shareholder.

Foreign banks are racing to tap US$1.5 trillion in nationwide savings by buying into the likes of Minsheng Banking or Shenzhen Development Bank - but it was initially unclear whether they would get a crack at Huaxia. Analysts have questioned the rush, wondering why foreign banks would buy stakes in sprawling, scandal-ridden entities that they would not control.

Close