SHANGHAI: Agricultural Bank of China Ltd , China's third largest listed lender, is contemplating issuing preference shares in September or October this year, Xu Duo, a senior official at the bank, said on Tuesday.
He made the comments at a press conference in Shanghai.
Last month, the China Banking Regulatory Commission has given the green light for AgBank to issue preferred shares for up to 80 billion yuan ($13.01 billion).
The issuance is now pending approval from the securities regulator.
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