19.07.2011 - AgriBank gains after funds retain stakes following end to lockup
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 didnít immediately lead to a sell-down. A 12-month lockup period on 22 percent of Agricultural Bankís Hong Kong-listed shares, valued at about HK$28 billion ($3.6 billion) and held by Qatarís 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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