25 August 2019

Ag Bank may lead pack in preferred stock issue, paper says

Agricultural Bank of China Ltd. (01288.HK, 601288.CN) is likely to be the first company to get the regulator’s nod to issue preferred shares in the first half, with China International Capital Corp. expected to the deal’s sponsor, the 21st Century Business Herald reported Thursday, citing sources with knowledge of the matter. The bank is well prepared for the preferred share issuance, a senior executive at the lender was quoted as saying. The China Securities Regulatory Commission and the China Bank Regulatory Commission may unveil details for a test run of preferred shares in April, the report said.

– Contact HKEJ at [email protected]



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