|
|
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.
|
科尔| 三江| 阿鲁科尔沁旗| 出国| 宁强县| 玉门市| 天水市| 噶尔县| 平武县| 峡江县| 平定县| 宾川县| 大悟县| 汾阳市| 沾益县| 肥西县| 恭城| 邓州市| 镶黄旗| 大关县| 宁津县| 汽车| 利川市| 江城| 武穴市| 镇沅| 长汀县| 乳源| 岱山县| 汶川县| 壶关县| 周口市| 彰化县| 萝北县| 上思县| 乌苏市| 阿鲁科尔沁旗| 雅江县| 玛纳斯县| 黄冈市| 福贡县|