Foreign media: Cinda loans 31.7 billion proposed acquisition of Nanyang Commercial Bank

Updated: October 20, 2015  Views: 54

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Sina Financial News October 20, according to a Reuters report quoted sources as its starting point, China Cinda Asset Management (1359) on Friday issued to particular several large Chinese banks lending requests for proposals, seeking about $ 5 billion ( about 31.7 billion yuan) loans, loan-year minimum of five years for the acquisition of Nanyang Commercial Bank.

BOC Hong Kong (2388) expected to sell $ 8.8 billion Nanyang Commercial Bank, City account rate of 1.95 times, close to the Hong Kong-listed bank average 1.05 times book ratio of 1 times. China Cinda on August 28 to submit to acquire exclusive south firm letter of intent.


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