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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

AgBank sets price for float

Posted on 29 June 2010

From Smh.com.au: The Agricultural Bank of China has set a price range for the Shanghai part of its initial public offering that will allow it to raise as much as $23 billion. The Qatar Investment Authority has agreed to invest $US2.8 billion and Kuwait Investment Authority said it would invest $US800 million.
The bank may offer 22.2 billion shares in Shanghai at 2.52 yuan (42¢) to 2.68 yuan a share. Last week the bank, China’s largest in terms of customers, priced shares in the Hong Kong part of its float at $HK2.88 to $HK3.48 each……………………………………….Full Article: Source

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