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Updated Friday, July 30, 2010 11:40 am TWN, AFP

AgBank fully exercises Hong Kong share offering to raise US$12.6 bil.

HONG KONG -- Agricultural Bank of China said Thursday it has fully exercised the overallotment option of its Hong Kong share offering, bringing the total amount raised in the city to US$12.6 billion.

The lender said in a statement to the Hong Kong Stock Exchange that it raised an additional US$1.56 billion by selling 3.81 billion extra shares at HK$3.20 (US$0.41) each. It has now raised US$20.79 billion.

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