2010ABC IPO
ABC heads for world's largest IPO
By Yu Hongyan and Song Jingli (chinadaily.com.cn)
Updated: 2010-05-28 11:21
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Large Medium Small |
| May 4, 2010 | ABC presents its listing request to stock exchanges in Shanghai and Hong Kong. |
| April 14, 2010 | ABC decides on nine investment banks to help with its dual listing in Shanghai and Hong Kong. |
| April 7, 2010 | ABC launches its IPO program, and 21 underwriters report their proposals to ABC. |
| Feb 2, 2009 | Premier Wen says the government will invest 200 billion yuan in ABC to support its asset restructuring, which is needed for listing. |
| Jan 16, 2009 | The Agricultural Bank of China Ltd is incorporated in Beijing, with a registered capital of 260 billion yuan. |
| Nov 6, 2008 | The Central Huijin Corp invests dollars worth 130 billion yuan for a 50 percent stake in the bank. |
| Oct 22, 2008 | The State Council, China's Cabinet, approves ABC's restructuring and incorporation plans. |
| January 2007 | The National Financial Work Conference decides that ABC will float its shares at the appropriate time. |
| 2004 | ABC presents its first proposal on ownership restructuring. |
| 1999 | ABC and three other major State-owned banks spin off 1.4 trillion-yuan non-performing assets. |
| Bank | Major Shareholders | Listing Date |
Issue Price |
Stock Code |
| Industrial and Commercial Bank of China |
Central Huijin Investment Ltd Ministry of Finance of PRC HK Securities Clearing Company Nominees Limited The Goldman Sachs Group, Inc National Council for Social Security Fund |
A share: H share: |
3.12 yuan HK$3.07 |
601398 1398 |
| Bank of China |
Central Huijin Investment Ltd Hong Kong Securities Clearing Company Nominees Limited RBS China Investments S. à .r.l. Fullerton Financial Holdings Pte Ltd National Council for Social Security Fund |
A share: June 1, 2006 |
3.08 yuan HK$2.95 |
601988 3988 |
| China Construction Bank |
Central Huijin Investment Ltd Bank of America Corporation HK Securities Clearing Company Nominees Limited China Jianyin Investment Limited Fullerton Financial Holdings Pte Ltd |
A share: Sept 25, 2007 H share: Oct 27, 2005 |
6.45 yuan HK$2.35 |
601939 0939 |
| Bank of Communications |
Ministry of Finance of PRC HK Securities Clearing Company Nominees Limited The Hongkong and Shanghai Banking Corporation Limited Capital Airports Holding Company State Grid Asset Management Company Limited |
A share: H share: |
7.90 yuan HK$2.50 |
601328 3328 |