On November 28, China Everbright Bank passed its share-selling plan at the shareholders meeting with 94.14 percent of the votes in approval. Once enacted, the bank may officially begin to bring in strategic investors and prepare for its IPO debut.

According to the plan, the Central Huijin Investment Company Limited is allowed to purchase 20 billion newly-issued shares of the bank at 1 yuan per share. After the plan was passed, the bank signed a share-selling contract with Huijin and 20 billion yuan is to be transferred to the bank today.

For more details, please read the full story in Chinese. (http://www.thebeijingnews.com/news/intime/2007/11-29/011@093021.htm)

(China.org.cn November 29, 2007)