Lender intends to raise record setting $23bln before listing in mid-July.
Agricultural Bank of China Ltd.'s upcoming initial public offering has attracted pledges of subscription from institutional investors including China-based fund management firms and Hong Kong-based investors and banks, a person familiar with the deal said Monday.
China Cinda Asset Management Corp., Great Wall Fund Management Co., China Taiping Insurance Group Co., Hong Kong-listed Bank of East Asia Ltd., Wing Lung Bank Ltd. and Hong Kong tycoon Joseph Lau Luen-hung are among those institutional investors, the person said.
The person declined to give details of the size of shares to be bought by them.
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