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’Bank of Beijing buys into rival
Mid-sized Chinese lender Bank of Beijing said Monday it had agreed to pay 127.5m ($18.2m) for a 19.99% stake in smaller Langfang City Commercial Bank, reports Reuters. Bank of Beijing, in which Dutch group ING holds a minority stake,
Bank of Beijing blown higher
There is ample empirical evidence suggesting strong winds and sky high stock markets don’t mix, especially around this time of the year. An important anniversary is approaching, which should remind us.
Surging IPO values Bank of Beijing at $20bn
Bank of Beijing, China’s largest city bank, doubled on its first day of trading in Shanghai on Wednesday after investors ordered 127 times the stock on offer in the largest IPO by a Chinese city bank,
Bank of Beijing eyes $2bn IPO
Bank of Beijing, part-owned by ING, will raise as much as 15bn yuan ($2bn) in a Shanghai IPO to boost its finances and compete with larger domestic rivals and foreign banks, reports Bloomberg on Monday.