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Korea M&A Corporation
KatherineNgandagencies Saturday, December 23, 2006 China Life Insurance (2628), the first insurer to plan a listing in the mainland, has finished its price consultation and expects to set the range between 20 yuan and 24 yuan (HK$19.88 and HK$23.86) a share, fund managers said. "The company does not want to set the price range too high, which will limit the upside potential for its A-share debut..
On July 5, when the Bank of China (BOC) launched its initial public offering (IPO) on the Shanghai Stock Exchange, the market reacted warmly and pushed its stock prices high above its original price. BOC's listing on the A-share market has a significance that cannot be overstated. The listing, coming soon after the government lifted its year-long ban on IPOs in May, is valuable both to the devel..