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Wednesday, January 12, 2011

Market Chatter -- Corporate finance press digest

The following corporate finance-related stories were reported by media on Thursday: * Shanghai Pharmaceuticals Holding Co Ltd aims to raise at least 8 billion yuan ($1.21 billion) in a Hong Kong listing before the end of June, and will submit a listing application in Hong Kong this month, the South China Morning Post reported on Thursday. [ID:nTOE70C01A] * China's largest lender, Industrial and Commercial Bank of China (ICBC), said it will not conduct fundraising from the capital markets within three years, the Securities Times reported on Thursday, citing the bank's chairman. [ID:nTOE70B07Z] (Compiled by Purwa Naveen Raman in Bangalore)

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