Friday, June 11, 2010

20100611 0832 Regional News.

June 10 (Bloomberg) -
- Agricultural Bank of China Ltd. received approval in Hong Kong for an initial public offering, clearing the way to what may be the world’s biggest first-time share sale, two people familiar with the matter said. The listing committee of the Hong Kong exchange gave in-principle approval to the company’s IPO application, according to the people, who declined to be identified because it hasn’t been publicly announced. The China Securities Regulatory Commission yesterday gave its nod to the Shanghai part of the share sale. A price range has yet to be announced by the Beijing-based company.

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