 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Hong Kong (AFP) June 23, 2010 Agricultural Bank of China's initial public offering, set to be the world's largest, has drawn 11 heavyweight investors who have stumped up 5.45 billion US dollars for the sale, a report said Thursday. Shares in the company's Hong Kong listing will be set between 2.88 and 3.48 Hong Kong dollars (37 and 44 US cents) ahead of their trading debut next month, Dow Jones Newswires said, citing a company prospectus. A price range has not been revealed for the Shanghai portion of the listing. The details came as AgBank -- the last of China's big four lenders to list its shares -- kicked off an investor roadshow to drum up support for a sale that could draw almost 25 billion US dollars. That would surpass the Industrial and Commercial Bank of China's 22-billion-dollar IPO in 2006, which is currently the world's biggest. Gulf state investment funds Qatar Investment Authority and the Kuwait Investment Authority, US food giant Archer Daniels Midland, Australia's media-to-heavy-equipment firm Seven Group Holdings, British Bank Standard Chartered and Dutch financial-services firm Rabobank are among the cornerstone investors, Dow Jones said. The sale's other major investors are: Singapore state investment company Temasek Holdings, United Overseas Bank, Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings), tourism monopoly China Travel Services Group and state-run consumer group China Resources (Holdings).
Share This Article With Planet Earth
Related Links Farming Today - Suppliers and Technology
AgBank IPO draws 5.45 billion US dollars before sale startsHong Kong (AFP) June 23, 2010 Heavyweight investors, including Qatar's investment fund, have stumped up 5.45 billion US dollars for the Agricultural Bank of China IPO even before the share sale officially starts. The offering, to begin Thursday, is on track to become the world's biggest, with pre-sale estimates soaring as high as 28 billion US dollars, outpacing the 22-billion-dollar offering by Industrial and Commercia ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook