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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Performance

AgriBank gains after funds retain stakes following end to lockup

Posted on 19 July 2011

Agricultural Bank of China Ltd. rose to the highest in almost two weeks in Hong Kong after the July 16 expiry of a lockup period for shares held by some of its biggest investors didn’t immediately lead to a sell-down.
A 12-month lockup period on 22 percent of Agricultural Bank’s Hong Kong-listed shares, valued at about HK$28 billion ($3.6 billion) and held by Qatar’s sovereign wealth fund, expired last week. Similar restrictions on stakes in the Beijing-based bank that are owned by Kuwait Investment Authority and Standard Charted Plc also ended……………………………………….Full Article: Source


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