AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CHINA CONSTRUCTION BANK ACQUIRES BANK OF AMERICA (ASIA).
BEIJING, Jan 1 Asia Pulse - China Construction Bank (CCB) (SEHK:0939), one of the country's "Big Four" state-owned commercial banks, announced it has completed the acquisition of Bank of America (Asia) Ltd, the wholly-owned subsidiary of Bank of America in Hong Kong, acquiring 100 per cent 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 agreement worth 9.71 billion Hong Kong dollars (US$1.25 billion) in August last year, and the deal was later approved by Chinese and overseas banking authorities and by CCB shareholders.
The bank did not disclose the changes in the board of directors of the new bank.
A joint group was set up after the acquisition to facilitate work during the interim period including an examination of corporate policy and an analysis of operating risk.
Bank of America agreed to provide support services ...
- $6.5B China Construction Bank Corp. IPO reigns in Hong Kong.
- News wire article from: The America's Intelligence Wire October 21, 2005 700+ words
...public offering in Hong Kong from China Construction Bank Corp. has nearly...advising China Construction Bank on its IPO, the...reported. China Construction Bank Corp. shares priced...their debut on the Hong Kong exchange. Morgan...
- China Construction Bank to buy Bank of America's Hong Kong retail lender for...
- News wire article from: The America's Intelligence Wire August 24, 2006 700+ words
...mainland, Hong Kong and Macau," said China Construction Bank's president...position in Hong Kong." The acquisition...allow China Construction Bank to have a...thriving Hong Kong-based business...own. The Construction Bank, also known...
- China Construction Bank plans 3 bln yuan bond issue in Hong Kong in Q3 - report.
- News wire article from: Europe Intelligence Wire March 14, 2007 700+ words
(From AFX Europe (Focus)) HONG KONG (XFN-ASIA) - China Construction Bank (CCB) plans to issue in Hong Kong 3 bln yuan of bonds denominated...source was quoted as saying. China Construction Bank officials were not immediately available...
- China Construction Bank to issue up to 3 bln yuan of bonds in Hong Kong.
- News wire article from: Europe Intelligence Wire August 27, 2008 700+ words
(From AFX Europe (Focus)) HONG KONG (XFN-ASIA) - China Construction Bank said it will open retail subscriptions on Friday...bln yuan issue of yuan-denominated bonds in Hong Kong. The two-year bonds will carry annual interest...
- China Construction Bank prices Hong Kong IPO at high end of range due to strong...
- News wire article from: The America's Intelligence Wire October 20, 2005 700+ words
...HELEN LUK China Construction Bank Corp. on Thursday...trading on the Hong Kong stock exchange...person said. China Construction Bank has assets worth...expected to list in Hong Kong. The Bank of...Wednesday, China Construction Bank criticized a top...was ...
- China Construction Bank prices Hong Kong IPO at HK$2.35 a share.
- News wire article from: The America's Intelligence Wire October 20, 2005 700+ words
...made public. China Construction Bank has assets worth 4...expected to list in Hong Kong. The Bank of China...On Wednesday, China Construction Bank criticized a top U...Christopher Cox was quoted by Hong Kong's South China Morning...
- CHINA CONSTRUCTION BANK'S HONG KONG LISTING RAISES US$8 BLN.
- News wire article from: AsiaPulse News October 21, 2005 700+ words
...largest property lender, China Construction Bank (CCB) (HKSE:0939...after its shares are traded in Hong Kong from next Thursday. They...Investment Holdings based in Hong Kong, predicted that CCB's share...earmarked for retail investors in Hong Kong, with the rest for ...
- China Construction Bank prices Hong Kong IPO at HK$1.80 to HK$2.25 per share:...
- News wire article from: The America's Intelligence Wire October 5, 2005 700+ words
...Byline: SHIMALI SENANAYAKE China Construction Bank, the mainland's fourth-largest...range or it could be too big for the Hong Kong market to absorb. As the first of China...billion (euro1.59 billion) IPO in Hong Kong in June for 1.6 times book value...
- China Construction Bank prices Hong Kong IPO at HK$1.90 to HK$2.40 per share.
- News wire article from: The America's Intelligence Wire October 13, 2005 700+ words
...From AP Worldstream) Byline: MARI YAMAGUCHI China Construction Bank said Thursday it has set a price range of HK$1...cents) per share for its initial public offering in Hong Kong _ expected to be the world's biggest IPO this year...
- CHINA CONSTRUCTION BANK TO LIST IN HONG KONG.
- News wire article from: Asia Africa Intelligence Wire September 29, 2005 700+ words
...BEIJING, Sept 29 Asia Pulse - China Construction Bank (CCB) is to make an initial public offering (IPO) in Hong Kong on October 14, and the shares will...Committee of the Stock Exchange of Hong Kong. Experts said that, after the listing...
Source: HighBeam Research, CHINA CONSTRUCTION BANK ACQUIRES BANK OF AMERICA (ASIA).