(Bloomberg) -- Shares of Shenzhen Development Bank
Co., controlled by buyout firm TPG Inc., surged by the daily
limit as trading resumed after the bank increased an offer to
investors to make all its stock tradable.
The stock gained 1.39 yuan, or 5 percent, to a record 29.24
yuan at 9:30 a.m. in Shenzhen. Shares of Shenzhen Development
have more than doubled this year, making it the best performer
among the nation's 10 publicly traded lenders.
Read more at Bloomberg Emerging Markets News
Co., controlled by buyout firm TPG Inc., surged by the daily
limit as trading resumed after the bank increased an offer to
investors to make all its stock tradable.
The stock gained 1.39 yuan, or 5 percent, to a record 29.24
yuan at 9:30 a.m. in Shenzhen. Shares of Shenzhen Development
have more than doubled this year, making it the best performer
among the nation's 10 publicly traded lenders.
Read more at Bloomberg Emerging Markets News
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