Source: CCTV.com
04-26-2007 11:33
Special Report: HK 10 YearsThe Chongqing Commercial Bank has sold a 17 percent stake to Hong Kong-based Dah Sing Bank.
The banks say the deal is worth about 700 million yuan or 88 million U.S.dollars. The agreement has been approved by the government.
The HK bank bought into the Chongqing bank at a price of 2.02 yuan a share. The Chongqing Commercial Bank has also announced its plan to go public on one of the two Chinese mainland markets though the exact schedule for the IPO is yet to be decided.
Editor:Li Yang
