Thu, July 15, 2010
Business > Markets > Agricultural Bank of China launches IPO

China's equities end mixed at midday awaiting ABC's IPO pricing

2010-07-07 05:22:11 GMT2010-07-07 13:22:11 (Beijing Time)  Xinhua English

BEIJING, July 7 (Xinhua) -- Chinese stock markets headed towards different directions in the morning session as investors waited for the Agricultural Bank of China to announce its initial public offering A-shares.

The benchmark Shanghai Composite Index slid 0.17 percent to close the morning break at 2,405.25 points after fluctuating with small range around the 2,400 mark.

The Shenzhen Component Index advanced 0.5 percent to close at 9,409.62.

The Agricultural Bank of China is expected to announced the pricing of its offering A-shares and subscription results Wednesday, just one day after it stopped accepting subscriptions from investors.

ABC said earlier in a statement filed with the Shanghai Stock Exchange it has set the price range for the Shanghai portion of its IPO at 2.52 to 2.68 yuan per share.

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