ABC price range is set at 2.52-2.68 yuan

Securities Times reporter Jia Gong the bank's concern about the issue price range of AgBank A-shares finally determined.　　ABC issued a notice today that the issuer and the joint underwriter based on the initial inquiry, and comprehensive consideration of the issuer's fundamental, comparable to the company valuation level and market environment, and other factors, to determine the price range for this issue is 2.52 yuan per share-2.68 yuan (including the upper and lower limits). This price range corresponds to AgBank's 2009 earnings ratio of 13.57 times to 14.43 times times earnings per share in accordance with the audit of the accounting firm,　　The net profit attributable to the owner of the parent company in 2009, as determined by the Chinese accounting standards, is calculated as the total number of shares that were assigned by the owners of this share and H-Shares in full exercise of the option of the excess allotment. During the preliminary inquiry, a total of 91 inquiry objects managed 244 placing objects to participate in the preliminary quotation.　　Among them, the provision of effective quotation for the allocation of 214 of the objects, corresponding to the total number of subscriptions 59.5058 billion shares.　　According to sources close to AgBank's main underwriter, AgBank's H-share price range is likely to be slightly higher than a-shares, according to sources, with its H-share pricing range or between 2.88 to 3.48 Hong Kong dollars.　　If ABC prices in accordance with the price range, and a-share, H-shares full exercise of the option of excess placements, a-share issue will reach 25.57 billion shares, the H-Shares will expand to 29.22 billion shares, AgBank will raise more money than ICBC, become a veritable "the world's largest IPO." During the inquiry of ABC's a-share issue, institutional investors subscribed to more than 70 billion shares, and the net subscription ratio was close to 16 times times, among which insurance companies and funds accounted for most of the shares.　　Some analysts believe that, in the uncertain environment of the capital market, despite the enthusiastic domestic and foreign investors, AgBank finally chose a more prudent price range, mainly to ensure that the ceiling issued and more stable future performance. At present, ICBC and the construction Bank in 2010 PB are more than 1.8 times times, Agricultural bank issued price range limit relative to ICBC and CCB about 10% of the discount.　　Some agencies pointed out that, with the current set of distribution price range to calculate, Agricultural Bank eventually issued online funds to purchase the size of the trillion. According to the distribution schedule, ABC will be from July 1 to 6th under the net purchase, online purchase will be on July 6.