Temasek to invest up to US$300 million in AgBank IPO: source

Reuters, 12 Jun 2010
Singapore's state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said on Saturday.
Temasek's commitment to China's third largest bank is a positive step for the offering, though it is less than the $1 billion that AgBank's underwriters are hoping to get from Middle East and Asian sovereign wealth fund cornerstone investors. Full Story

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