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Slaughter and May advised Standard Chartered Bank on its cornerstone investment in the proposed initial public offering of the Agricultural Bank of China, one of the leading banks in the PRC. Standard Chartered Bank has agreed to invest US$500 million in the H shares of Agricultural Bank of China, representing approximately 1.67% of the estimated proceeds of the US$30 billion initial public offering. The Agricultural Bank of China is due to be listed in Hong Kong and Shanghai in mid-July. Our Hong Kong and London offices advised. Hong Kong office: Laurence Rudge (partner), Jing Chen (associate); London office: Nilufer von Bismarck (partner)
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