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
|