Agricultural Bank of China set

Agricultural Bank of China sets H-share IPO price at 3.2 HKD

HONG KONG, July 9 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced here Friday it has set its H-share initial public offering (IPO) price at 3.2 HK dollars (42 U.S. cents) per share, which was in the middle level of its IPO price range.

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"The offer price for the global offering has been determined at 3.2 HK dollars per H share, exclusive of brokerage of 1 percent, transaction Replica A Lange & Sohne Watches levy of 0.004 percent and Hong Kong Stock Exchange trading fee of 0.005 percent," ABC said in a statement filed to the Hong Kong stock exchange.

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Earlier, ABC had set its IPO price range in Hong Kong between 2. 88 HK dollars and 3.48 HK dollars.

The pricing of the shares means the Beijing-based bank could raise up to 81.32 billion HK dollars (10.44 billion U.S. dollars) via the Hong Kong portion of the IPO.

ABC plans a dual listing in Shanghai and Hong Kong in mid-July to replenish its capital base after a lending spree last year.

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