Agricultural Bank of China Ltd. wants more

Agricultural Bank of China Ltd. is ready for a decisive step

In brief: Agricultural Bank of China Ltd. has the potential to become a leader in Asian trading in the near future.

Chinese Bank Agricultural Bank of China Ltd. (ABC) during the forthcoming initial public offering (IPO) on the stock exchanges in Hong Kong and Shanghai intends to raise more than $ 23 billion, which will be the world’s largest IPO.

Previous plans have been approved by the creditor of the Chinese Commission for Regulation of Securities Market (CSRC). Total ABC intends to rescue up to $ 27.2 billion, according to a proposal aimed Chinese regulator. Amount to be 53 billion shares (15% of the total share capital). The previous record in terms of IPO was established in 2006, Bank Industrial & Commercial Bank of China, it would amount to $ 22 billion.

Anrey Torbinski
2010-06-14 14:32, Economics.

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