HANG SENG BANK MAKES PAYMENT FOR INDUSTRIAL BANK DEAL.

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HANG SENG BANK MAKES PAYMENT FOR INDUSTRIAL BANK DEAL.

Publication: AsiaPulse News

Publication Date: 30-APR-04

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HONG KONG, April 30 Asia Pulse - Hang Seng Bank (SEHK:0011) announced here on April 29 it has made cash payment to acquire 15.98 per cent of Industrial Bank Co Ltd's enlarged capital, following the approval by the China Banking Regulatory Commission.

The transaction, amounting to 1,726 million RMB...

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