BRIEF-China Zheshang Bank updates on proposed initial public offering of A shares

March 10 (Reuters) - China Zheshang Bank Co Ltd

* Number of a shares to be issued will be not more than 4.49

billion shares, representing 31.70% & 25.00% of domestic shares

in issue & total issued share capital

* Bank proposes to apply for an initial public offering and

listing of a shares

* Proceeds from a share offering will be used to replenish

core tier I capital of bank to enhance its capital adequacy

ratio

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