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Sovereign Wealth Funds Briefing - Categorized | Market

ABC float raises buzz in market circuit

Posted on 25 June 2010

From Peopledaily.com.cn: Agricultural Bank of China (ABC) is likely to raise HK$80.8 billion from Hong Kong and nearly 61.4 billion yuan from Shanghai through the dual listing of shares next month. The Qatar Investment Authority has agreed to invest $2.8 billion, while the Kuwait Investment Authority will buy $800 million worth of H shares.
The bank has set a proposed price for the Hong Kong float between HK$2.88 and HK$3.48 per share. The indicative float sizes have been calculated based on the middle price of the proposed range in Hong Kong, said sources……………………………………….Full Article: Source

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