By musiclover - Wed Jul 07, 3:23 pm

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Edited bymusiclover

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Agricultural Bank of China (AgBank) [ABC.UL] said on Wednesday it was pricing its Shanghai initial public offering at the top of an indicated range, confirming what sources told Reuters a day earlier.

It also said it would exercise an option to expand its Shanghai share offering by 15 percent, confirming a Reuters report earlier on Wednesday.

AgBank will sell 25.57 billion yuan-denominated A-shares at 2.68 yuan ($0.40) apiece, at the top of the 2.52-2.68 yuan range, the Beijing-based lender said in a statement to the Shanghai Stock Exchange.

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