Agricultural Bank may sell 18% of stock in $30b IPO

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5 May: Agricultural Bank may sell 18% of stock in $30b IPO

May 05,2010

Agricultural Bank of China may sell between 12-18% of its stock in an initial public offering (IPO) in Hong Kong and Shanghai. The bank is planning to send the application for its $30b IPO to the Hong Kong Stock Exchange as soon as possible and is aiming to launch the IPO by July 2010.

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