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Sovereign Wealth Funds Briefing - Categorized | Market

AgBank dismisses reports China asking for IPO delay

Posted on 09 June 2010

From Reuters: An executive with the Agricultural Bank of China on Wednesday dismissed as “nonsense” reports that two state shareholders — the Ministry of Finance and Central Huijin — were pushing it to postpone its planned share issue due to weak market conditions. Central Huijin is the domestic arm of the country’s sovereign wealth fund.
The Hong Kong-based South China Morning Post on Wednesday cited two unidentified sources involved in the offering as saying AgBank’s government shareholders wanted AgBank to postpone its listing as it was having a difficult time drumming up interest in the sale………………………………………..Full Article: Source

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