|
|
NPC & CPPCC Annual Sessions > Biz & Economy > News
|
ABC: No timetable fixed yet for IPO launchBy (Xinhua)
Updated: 2009-03-08 10:42 No timetable has been fixed for the Agricultural Bank of China (ABC) to go public, the bank's board chairman Xiang Junbo said Saturday.
"We are not in talks with any domestic or overseas strategic investor for the IPO deal," Xiang said on the sidelines of the annual session of the National People's Congress, or the parliament. Previous media reports about the bank's IPO plan or talks with strategic investors are not true, but merely speculation, he told reporters. Reuters reported last month the bank would begin marketing its dual listing plan in March, aiming to raise at least HK$100 billion ($12.8 billion), citing the Hong Kong-based South China Morning Post. "We are still working on the technical preparation for the IPO launch, and will initiate the listing at an appropriate time," he said. Xiang said the bank has planned to extend 480 billion yuan ($70 billion) of loans in 2009, an increase of 30 percent from last year. ABC is the second largest lender in China by assets, after the Industrial and Commercial Bank of China.
|
漾濞| 石泉县| 江西省| 湘潭市| 赤城县| 长顺县| 汤原县| 台中县| 茌平县| 航空| 汶上县| 唐海县| 龙门县| 忻州市| 奇台县| 通河县| 聂荣县| 泰兴市| 嘉禾县| 巴青县| 邢台市| 洛阳市| 遵义县| 汽车| 铅山县| 永福县| 清镇市| 宣化县| 泉州市| 临邑县| 大悟县| 那坡县| 萨嘎县| 沙雅县| 贵南县| 密云县| 天镇县| 扎鲁特旗| 铜鼓县| 寿宁县| 衢州市|