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Al Waleed, $390m Chinese stock
- Saudi Arabia: Saturday, June 03 - 2006 at 14:53
Saudi Prince Al Waleed Al Talal has received about one fifth of the $2bn worth of shares he was seeking in the Bank of China's IPO, reported Bloomberg. Sources involved in the sale claim the prince received around $390m worth of stock from the $9.7bn IPO. The IPO was oversubscribed by about 17 times.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, June 03 - 2006 at 14:53 UAE local time (GMT+4)
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