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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

China’s AgBank allots 35pct of IPO to key investors

Posted on 11 June 2010

From Marketwatch.com: Agricultural Bank of China Ltd. will allocate 35% of its around US$20 billion initial public offering to cornerstone investors including SWFs, to reduce pressure on weak stock markets.
The report said the cornerstone investors for the Hong Kong portion of the offering include Temasek Holdings Pte. Ltd., Government of Singapore Investment Corp., Standard Chartered PLC , Rabobank, Daiwa Securities Group Inc. , Nomura Holdings Inc., Kuwait Investment Authority, Abu Dhabi Investment Authority, Qatar Investment Authority, and three Hong Kong tycoons–Li Ka-shing, Lee Shau-kee and Cheng Yu-tung…………………………………………Full Article: Source

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