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ABC to pay $248 mln in IPO fees

07-15-2010 08:40 BJT

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The Agricultural Bank of China is expected to pay out a total of 248 million dollars in fees, to the companies handling its initial public offering.

It's the lowest underwriting pay out of any of China's big four banks. 1.4 percent of the 10.5 billion in proceeds from the Hong Kong H-share offering will go to the underwriters. The total figure exceeds the over-allotment that is part of the offering.

AgBank has publicly announced that it's paying the banks involved with its Shanghai listing, a total of 101 million dollars.

Editor:Xiong Qu |Source:

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