h share

The deal will make Bank of Communications the best capitalised bank among its domestic peers, analysts say.

China's second-biggest drug distributor prices its H-share offering below the mid-point, but at a modest 2.4% discount versus its A-shares.

The Chinese bank, which raised $2.8 billion from a Shanghai IPO in August, said it plans to tap the Hong Kong market by offering up to 12 billion shares.

Leoch International Technology, a Chinese lead-acid battery manufacturer, is offering 333.33 million new shares at an indicative price of HK$3.75 to HK$5.35 each.

The rights issue, which will comprise both A- and H-shares, comes just ahead of Agricultural Bank of China's dual listing in Shanghai and Hong Kong which is expected to raise at least $22 billion.

China Railway Materials announces plans for a $1.5 billion IPO in Hong Kong and Shanghai next year, while Chinese oil and gas company MIE postpones its US IPO after failing to agree on a price.

China's largest bank has named BNP Paribas, BOCI, ICBC International and UBS as the arrangers for its upcoming H-share issue, say sources.