Bank of China Set for Rights Issue

The giant Industrial and Commercial Bank of China is now planning to get a net increase of up to £4.5 billion via setting a rights issue plans. This come hard on the heels of record-breaking offer of shares to one of its rivals.
As a result, Agricultural Bank of China is now considering extending the sale of their shares in a float which could be worth more than £14 billion, which will become the biggest market debut ever.
The apparent appetite for Agricultural Bank ICBC shares were encouraged to provide their own market share, which was scheduled to increase for several months.