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Korea M&A Corporation
BEIJING, Dec. 30 (Xinhua)-- China Construction Bank (CCB) announced Friday it had completed the acquisition of Bank of America (Asia) Ltd, the wholly-owned subsidiary of Bank of America in Hong Kong, acquiring 100 percent of the equity. The branch offices and bank documents of Bank of America (Asia)Ltd will soon bear the logo and name of China Construction Bank Asia Ltd. The two sides inked an a..
(Xinhua) Updated: 2006-08-25 09:19 China Construction Bank (CCB) on Thursday inked an agreement with Bank of America (BOA) to acquire 100 percent of equity interest of Bank of America (Asia) limited, the wholly-owned subsidiary of BOA in Hong Kong. Payable in cash, the total consideration of the acquisition is 9.71 billion HK dollars (about 1.24 billion U.S. dollars), representing nearly 1.32 ti..
Aug. 18, 2006 (China Knowledge) – Wing Lung Bank Ltd., a Hong Kong-based bank, said Wednesday that it would welcome any potential merger or acquisition with “a very open mind”, opening up room for new speculations about whether or not the bank was in any talks with China Construction Bank Corp. (CCB) on a possible stake sale. Hong Kong paper The Standard quoted Chairman Patrick Wu Po-kong as say..