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ABC set to stage world's largest listing

时间:2010-06-30 06:23:12

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BEIJING, June 28 (Xinhua) -- Agricultural Bank of China (ABC) is set to raise up to 23.2 billion U.S. dollars in the world's largest listing, according to the price range the lender set for its shares.
ABC said late Monday in a statement(声明) filed with the Shanghai Stock Exchange that it had set the price range for the Shanghai portion of its initial public offering (IPO) at 2.52 to 2.68 yuan (0.37 to 0.39 dollars).
The lender last week priced shares in the Hong Kong part of its IPO at 2.88 to 3.48 HK dollars (0.37 to 0.45 U.S. dollars).
ABC said it would offer 22.23 billion A-shares in Shanghai and 25.41 billion H-shares in Hong Kong, excluding(将...排除在外) an over-allotment option, in the preliminary prospectus1 it submitted to the China Securities Regulatory Commission (CSRC).
The pricing of the shares means ABC, the last of China's "big four" state-owned banks to float shares, would be able to raise up to 23.2 billion U.S. dollars, set to beat a record 21.9 billion U.S. dollars raised by Industrial & Commercial Bank of China in 2006.
The CSRC earlier this month approved ABC's IPO application for dual2 listing in Shanghai and Hong Kong, which is scheduled at mid-July.(本文由在线英语听力室整理编辑)


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1 prospectus e0Hzm     
n.计划书;说明书;慕股书
参考例句:
  • An order form was included with the prospectus.订单附在说明书上。
  • The prospectus is the most important instrument of legal document.招股说明书是上市公司信息披露制度最重要法律文件。
2 dual QrAxe     
adj.双的;二重的,二元的
参考例句:
  • The people's Republic of China does not recognize dual nationality for any Chinese national.中华人民共和国不承认中国公民具有双重国籍。
  • He has dual role as composer and conductor.他兼作曲家及指挥的双重身分。

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