AgBank follow-on pushes over record
The Agricultural Bank of China, invested by the China Investment Corp (CIC), Singapore's Temasek Holdings and the SWFs of Qatar and Kuwait, has seen a follow-on share issue to its Hong Kong and Shanghai IPO push the listing's total value to an all-time record of $22.1 billion.
An expected sale of stock in Shanghai raised the PRC part of the listing to $10 billion in total. This makes AgBank only the second recorded major PRC company to exercise a greenshoe option in its listing....
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