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AgBank, ICBC Plan Private Placements of Up to $38.7 Billion

Key Points

Agricultural Bank of China Ltd. plans to raise up to 160 billion yuan ($23.8 billion), while Industrial & Commercial Bank of China Ltd. is targeting 100 billion yuan in separate A-share private placements, according to Shanghai Stock Exchange filings.

Agricultural Bank of China Ltd. plans to raise up to 160 billion yuan ($23.8 billion), while Industrial & Commercial Bank of China Ltd. is targeting 100 billion yuan in separate A-share private placements, according to Shanghai Stock Exchange filings.
AgBank (ORG) ICBC Plan Private Placements of Up to (ORG) Agricultural Bank of China Ltd. (ORG) Industrial & (ORG) Commercial Bank of China Ltd. (ORG) Shanghai Stock Exchange (ORG)
Originally published by Bloomberg Markets Read original →