Posted inChinaShanghai

Agricultural Bank’s non-public offering raises US$15.8 bln

Agricultural Bank of China, one of the four big state-owned banks, announced the non-public issuance of A shares worth 100 billion yuan (US$15.8 billion) while releasing its 2017 annual report, The Paper reported. The bank said after deducting relevant fees, all the funds raised will be used to supplement core tier-one capital. The participants include […]