* Minsheng recognises $120 mln losses in UCBH investment

* Sees limited impact from failed U.S. investment

* Minsheng is raising up to $4 billion in a Hong Kong IPO (Adds background)

By Samuel Shen and Jacqueline Wong

SHANGHAI, Nov 10 (Reuters) - China Minsheng Banking Corp (600016.SS: Quote, Profile, Research), which is raising up to $4 billion through a public offering of shares in Hong Kong, said on Tuesday that its failed investment in U.S. lender UCBH Holdings Inc UCBH.O will have a limited impact on its business.

UCBH's main unit United Commercial Bank was closed by U.S. regulators last Friday and its banking operations were acquired by East West Bancorp Inc [ID:nN06212635].

Minsheng, which has invested 887 million yuan for a 9.9 percent stake in UCBH, has recognised 824 million yuan ($120 million) of losses for the investment, the Beijing-based lender said in a statement to the Shanghai Stock Exchange.

"Since we have already made relatively adequate loss provisions for UCBH, we think that the closure of United Commercial Bank won't have a huge impact on our operations or profits."

The announcement comes as Minsheng, China's first privately-run lender, launches an IPO in Hong Kong this week to raise up to $4 billion to replenish capital for further expansion.