Saturday, March 31, 2007

China's Chongqing bank to sell stake to HK lender

(Reuters) - "Yes, we won approval this week to sell a stake to Dah Sing Bank, but the deal with Carlyle has yet to go through," Zhang Fu, chairman of the small western Chinese lender, told Reuters on the sidelines of a financial forum.

He said the bank would sell a stake to Dah Sing for about 2 yuan per share and confirmed that it was applying for a Hong Kong listing.


Read more at Reuters.com New Issues News

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