Agricultural Bank price range 2.52-2.68 yuan/share limit issued

The author Ren Xiao eds. ABC 28th Evening said that, according to the initial inquiry and comprehensive consideration of the issuer's fundamental, comparable to the company valuation level and market environment factors, the Agricultural Bank to determine the price range for this issue is RMB 2.52/share-2.68 yuan/share (including the upper and lower limits). 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 quotations (refers to the declared price is not less than the lower limit of the distribution price interval of 2.52 yuan/shares) of the placing of 214, corresponding to the number of subscriptions and 59.5058 billion shares. ABC and underwriters based on a-share pre-Roadshow and preliminary inquiry, in conjunction with the ongoing H-Share management International Roadshow and the international placement of placements, the bank's current issue price range, which is RMB 2.52, has been fully considered in the light of ABC's fundamentals, banking and comparable valuation levels and market environment. Unit-2.68 yuan/share.　　According to sources close to AgBank's main underwriter, the price range for the H-share issue is likely to be slightly higher than a shares, with the AgBank H-Shares pricing range or between 2.88-3.48 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." Analysts believe that, in the relatively uncertain environment of capital markets, AgBank eventually abandoned high pricing and opted for a more prudent price range to ensure a cap-and-go performance.