Agricultural Bank of China Limited

99wuxian is to raise $20 million at 40c per CHESS Depositary Interest (CDI), the security used by the ASX to allow international companies to trade on the local market. It is equivalent to 40c a share and, if fully subscribed, will value the company at about $410 million. The CDI holders will account for under 5 per cent of the company.

Agricultural Bank of China Limited (SHA:601288) (HKG:1288) is planning to establish branches in London, UK and Seoul, Korea, where the Bank currently has representative offices.