AgBank to exercise greenshoe option for Shanghai shares - source

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Agricultural Bank of China (AgBank) will exercise an overallotment option for the Shanghai portion of its initial public offering, a source with direct knowledge of the deal said on Wednesday.The 15 percent in additional shares will bring the total number of Shanghai shares on offer to 25.57 billion yuan-denominated A-shares.The shares will be sold at 2.68 yuan apiece, the source said, bringing the total value of the Shanghai offering to 68.5 billion yuan ($10.10 billion).AgBank, the last of China's "big four" state banks to go public, is selling shares in Shanghai and Hong Kong to replenish capital and drive growth.(Reporting by Samuel Shen and Jason Subler; Editing by Jacqueline Wong)
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