Key Developments: Agricultural Bank of China Ltd (ACGBY.PK)
10.77USD
10:44am EDT
$0.30 (+2.83%)
$11.11
$10.99
$10.99
$10.77
1,151
5,077
$14.15
$8.81
Latest Key Developments (Source: Significant Developments)
Agricultural Bank of China Ltd Receives Approval to Set up Branch in Tokyo
Agricultural Bank of China Ltd announced that it has received the approval from Financial Services Agency, The Japanese Government, as well as China Banking Regulatory Commission, to set up a branch in Tokyo, Japan. Full Article
Netac Technology Co Ltd Files Lawsuit against Beijing Watertek Information Technology Co Ltd and Agricultural Bank of China Ltd
Netac Technology Co Ltd (Netac) announced that it has received a summons from Intermediate People's Court of Nanning City, according to which Netac's lawsuit against Beijing Watertek Information Technology Co Ltd, Agricultural Bank of China Ltd(ABC) and Beihai Industrial Park Sub-branch of ABC (Defendants), was accepted. Netac alleged the Defendants' infringement of its patent right (patent number: 99117225.6). Full Article
Agricultural Bank of China Ltd Announces FY 2012 Dividend Payment
Agricultural Bank of China Ltd announced that it will pay a cash dividend of RMB 1.565 per 10 shares (pre-tax) to shareholders for fiscal year 2012. Full Article
Agricultural Bank of China Ltd to Set up Dubai Branch
Agricultural Bank of China Ltd announced that it has received the approval from Dubai Financial Services Authority, as well as China Banking Regulatory Commission, to set up a branch in Dubai. Full Article
Agricultural Bank of China Ltd Announces Completion Of Investment In Jiahe Life Insurance Co., Ltd.
Agricultural Bank of China Ltd announced that with reference is made to the announcement dated February 11, 2011 on the resolution of the board of directors of Agricultural Bank of China Limited, in which the Board resolved to acquire 1,036,653,061 newly-issued shares of Jiahe Life Insurance Co., Ltd. at a consideration of approximately RMB2,592 million. The Bank had obtained all the necessary regulatory approvals regarding the Transaction and completed the Transaction on December 31, 2012. Jiahe Life has recently completed the change of its fi ling records at the relevant administration for industry and commerce, and has been renamed as ABC Life Insurance Co., Ltd. As at the date of this announcement, the Bank holds 51% equity interest in ABC Life and thereby becomes its controlling shareholder, while each of the original shareholders of Jiahe Life, namely Beijing Zhong Guan Cun Science City Construction Holding Co., Ltd., Chongqing International Trust Co., Ltd., China New Era Co., Ltd., China Sigma Co., Ltd. and Shanghai An Shang Industrial Co., Ltd. holds 9.8% equity interest in ABC Life, respectively. Full Article
Agricultural Bank of China Ltd Completes Issuance Of Subordinated Bonds
Agricultural Bank of China Ltd announced that with reference to the previous announcement regarding the approval of issuance of subordinated bonds. With approvals from the China Banking Regulatory Commission and the People’s Bank of China, the Bank has completed an issuance of RMB50 billion subordinated bonds in the national inter-bank bond market on December 20, 2012. The Issuance comprises an aggregate amount of RMB50 billion subordinated bonds with 15-year fixed interest rate and 4.99% coupon rate per annum. The Bank has a conditional right to redeem the bonds at the end of the tenth year from the Issuance. The proceeds from the Issuance will be used to replenish the supplementary capital of the Bank according to applicable laws and regulatory approvals. Full Article
Agricultural Bank of China Ltd to Issue Subordinated Bonds
Agricultural Bank of China Ltd announced that it will issue RMB 50 billion worth of subordinated bonds in 24 months. Full Article
Agricultural Bank of China Ltd Does Not Declare Dividend
Agricultural Bank of China Ltd announced that its Board does not propose to pay any interim dividend for 2012. Full Article
Agricultural Bank of China Ltd Announces FY 2011 Dividend Payment Date
Agricultural Bank of China Ltd announced that it will pay a cash dividend of RMB 0.11835 per share (after tax), to shareholders of record on June 19, 2012. The Company's shares will trade ex-dividend on June 20, 2012. Full Article
Agricultural Bank of China Ltd Announces FY 2011 Dividend Payment
Agricultural Bank of China Ltd announced that it will pay a cash dividend of RMB 1.315 per 10 shares (pre-tax) to shareholders for fiscal year 2011. Full Article
China's Agbank to issue up to 90 bln yuan in regulatory capital bonds
HONG KONG, April 26 - Agricultural Bank of China Ltd will issue up to 90 billion yuan ($14.59 billion) of bonds that are eligible for regulatory capital treatment, the bank said in a statement on Friday. Up to 40 billion yuan of the bonds will be eligible for Tier 1 capital treatment, with the remainder eligible for Tier 2 under China's new capital rules.
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