From : Singapore’s state investment fund Temasek plans to invest up to US$300mil in Agricultural Bank of China, ahead of the latter’s roughly US$20bil IPO, a source said.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the US$1bil that AgBank’s underwriters are hoping to get from Middle East and Asian sovereign wealth fund cornerstone investors…………………………………………Full Article: Source