Friday, April 13, 2007

UPDATE 1-Bank of E.Asia eyes Affin stake, seeks China deal

(Reuters) - SHANGHAI, April 13 - Hong Kong's Bank of East Asia plans to take a 20 to 25 percent stake in Malaysian lending group Affin Holdings Bhd as part of its regional expansion, BEA Chairman David Li said on Friday.

BEA, Hong Kong's fifth-largest bank, is also in talks with 30 Chinese city commercial banks about possibly buying a stake, although no deal has been signed yet, Li said.


Read more at Reuters.com Mergers News

No comments: