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China Everbright Bank Co may seek to raise more than $2 billion from a share sale in Hong Kong after its board renewed approval for an offering, two people with direct knowledge of the matter said.
While the size of the offering hasn't been set, it will probably be less than the 12 billion shares that the board authorized, the people said, asking not to be named because the information is private.
It may be the biggest first-time share sale in the city since People's Insurance Company (Group) of China's $3.6 billion offer in November.
