AgBank Exercises Over-allotment Option
Source: Xinhua |
July 30, 2010, Friday
|
Print Edition
Print Edition
THE Agricultural Bank of China yesterday said the over-allotment option for its global offering has been exercised in full by the joint book-runners on behalf of the international underwriters on the day.
The move will add about HK$11.96 billion (US$1.54 billion) to the company, according to a statement released to the Hong Kong stock exchange.
The statement said the bank will issue a total of 3.8 billion H shares, representing approximately 15 percent of the offer shares initially available under its global offering, at HK$3.20 per share.
The bank has already received approval from the Hong Kong stock exchange to list and trade the over-allotment shares next Thursday.
The move will add about HK$11.96 billion (US$1.54 billion) to the company, according to a statement released to the Hong Kong stock exchange.
The statement said the bank will issue a total of 3.8 billion H shares, representing approximately 15 percent of the offer shares initially available under its global offering, at HK$3.20 per share.
The bank has already received approval from the Hong Kong stock exchange to list and trade the over-allotment shares next Thursday.
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