Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Qatar Sovereign Wealth Fund To Invest In AgriBank IPO

E-mail Print PDF

 

stocksexchange1 June 21, 2010 (Chinavestor) The Qatar Investment Authority, Qatar's sovereign wealth fund, plans to invest $2.8 billion in the initial public offering of Agricultural Bank of China. Sources say the Qatar Investment Authority signed an agreement with AgriBank last week.

 

AgriBank is China's largest lender by total customers. The Qatar Investment Authority manages $58 billion in assets. AgriBank's IPO is expected to be the world's largest. The Beijing-based lender may sell as much as $28 billion of stock in Hong Kong and Shanghai combined, exceeding the $22 billion sale by Industrial & Commercial Bank of China in 2006, according to Bloomberg News.

London-based Standard Chartered is expected to invest $500 million in the IPO, sources close to the deal said.

Related coverage: AgBank Readies $23 Billion IPO



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!