Weihai City Commercial Bank, the third largest city commercial bank in China’s Shandong Province, plans to go public on the Hong Kong Stock Exchange on October 12th. The bank announced that it intends to issue around 87 million shares in Hong Kong and 824 million shares internationally. The subscription ratio of the Hong Kong public offering shares will be approximately 0.61 times. Additionally, the final offer price will be HKD 3.35 per share. The bank plans to use funds raised from the IPO to strengthen its capital base and support its ongoing expansion.