Goldman Sachs (GS) seeks to raise $1B, putting part of its stake in China's Industrial Bank on...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) seeks to raise $1B, putting part of its stake in China's Industrial Bank on offer for 3% lower than the price at the close of Hong Kong trading, reports Bloomberg. Goldman had invested $2.58B in the world's largest bank in 2006. Sell high: The shares have risen about 50% in the last 6 months, and stand at a 18-month high.