Goldman Sachs is placing 3 billion of ICBC's H shares for half an hour with 11 billion net gain

Goldman Sachs, which holds about 3 billion shares of ICBC (1398 per cent), officially put it yesterday after lifting the ban for about 1 months. With a share price of 4.8 to 4.9 yuan per share, compared to yesterday's closing price of ICBC, but 50%, more than 1 months ago, another two foreign shareholders of the reduction of prices, more than 1 yuan per share.　　Goldman Sachs now has a maximum of 14.9 billion yuan, and only 3-year investment, earning more than 3 times times. The announcement quoted market sources as saying that Goldman Sachs's placement was completed in less than half an hour and investors reacted enthusiastically. Market participants believe that the European and American hot money has been pouring into Asia, the heavy Chinese banking stocks became the pursuit of the object, so even if Goldman Sachs this allotment discount is very low, but still be positive to take a part.　　According to a sales document issued yesterday by Goldman Sachs, the total number of placements, which amounted to 3.033 billion shares, amounted to almost all of the cash sold by Goldman Sachs, with a price of up to 4.8 to 4.9 yuan, up from 4% to 6%, compared with the closing price of ICBC, which surged yesterday, by 5.11 Yuan, which is equal to 10 percent in Friday. The lock-up period for Goldman Sachs shares should expire April 28 this year. At the beginning of the year, however, an agreement was reached with ICBC to extend the 80% per cent voluntary extension to next April, while the remaining 20% of the 3.2 billion shares were upheld. As Goldman Sachs is desperate to replenish its capital, the market has long anticipated a reduction in Goldman Sachs, which, at the end of April, had planned to put ICBC on a allowance of more than 10% per cent, but it had to wait one months before it could pick up its goods. Yesterday's official placements coincided with last-minute rumours, but the price discount has narrowed sharply.　　And more than one months, Goldman Sachs earned more than 3 billion yuan, more than the Allianz and American Express at the end of April, a full profit of more than 27%. But the increase over the past month is dwarfed by Goldman's three-year investment in ICBC. At the beginning of ICBC's 06 listing, Goldman Sachs bought about 16.5 billion shares per share of about 1.22 yuan, at a time when the total investment was no more than 20.2 billion yuan. But today, only the reduction of 20% of them, has been set at 14.9 billion yuan, the remaining shares that is almost equal to white money. At ICBC's current price, Goldman Sachs held all its shares at a market value of 84.3 billion yuan, in just three years, the return on investment reached 3 times times higher. Chetey, ICBC's director of information services, said there was no information to disclose about Goldman's stake in ICBC. A Goldman spokeswoman did not comment on the matter.　　Goldman Sachs, which was appointed to the Non-executive director of ICBC's board of directors, Clisdor Kohl, announced his departure yesterday. Chen Sun, vice president of the Asian Banking and Financial Services Research department at JPMorgan, said the negative effects on ICBC's share price have all been eliminated after the placement of the main strategy shareholders, but he believes that even in a cash-rich environment, ICBC's share price will not suddenly rise sharply and its valuations are now relatively modest, "like ICBC's big banks, When the big city rises, it is usually a bit behind "because it is less relevant to stock market volatility.