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China Minsheng bank IPO slides 3 pct in HK debut

Originally published: November 26, 2009 5:37 AM
Updated: November 26, 2009 6:37 AM
By The Associated Press  

Quick ReadChina Minsheng bank IPO slides 3 pct in Hong Kong debut amid fundraising anxiety

HONG KONG (AP) — Shares of major lender China Minsheng Banking Corp. slid more than 3 percent in their first day of trade in Hong Kong Thursday amid anxiety this year's stimulus-fed credit surge might weigh on the industry's profits.

Minsheng's stock closed down 3.2 percent to 8.79 Hong Kong dollars after the company raised some $3.8 billion in Hong Kong's biggest initial public offering of...

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