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Ali Reza Iftekhar, Managing Director & CEO of Eastern Bank Ltd (EBL) and Mashiur Rahman, Managing Director, Paragon Group jointly inaugurate 197th

22 Aug 2016, 12:00 am0

Gov’t-backed investment firm becomes Agricultural Bank shareholder

Xinhua, Beijing :An investment firm linked to China’s foreign exchange regulator has become a major shareholder of Agricultural Bank of China (ABC), one of the country’s big-four lenders. Wutongshu Investment Platform Co. Ltd., a wholly-owned subsidiary of the State Administration of Foreign Exchange, has taken more than 980 million shares, or about 0.3 percent of ABC’s total shares, as of end of 2015, the bank said in its annual financial statement. With it, Wutongshu has become the bank’s ninth-largest shareholder....

5 Apr 2016, 12:00 am