男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

   

ICBC says will buy Indonesian Bank

(AP)
Updated: 2007-01-02 08:59

BEIJING - The Industrial and Commercial Bank of China, which had the largest-ever IPO in October, said Monday it had agreed to acquire the small Bank Halim of Indonesia in its first such overseas purchase.

ICBC said it would buy 90 percent of Bank Halim, with an option to buy the remaining 10 percent from shareholders in three years. No value of the deal was given.

"It is the first time that ICBC has taken over a foreign bank ... and should give the bank experience to expand into international financial markets," ICBC said on its Web site.

ICBC made history in October by making the first ever simultaneous Hong Kong and Shanghai listing and raising US$21.2 billion (euro16.1 billion) in the world's largest IPO, surpassing the record US$18.4 billion (euro13.97 billion) raised by the NTT DoCoMo Inc. IPO in 1998.

The Bank Halim deal still has to be approved by regulatory authorities in both countries.

The privately held Bank Halim is based in Surabaya, on Indonesia's main island of Java, and with assets of $50 million is much smaller than ICBC, which has its headquarters in Beijing.

The Chinese bank, which is the largest company by capitalization on China's stock markets, said that by the end of June it had total assets of more than 7 trillion yuan (US$897 billion; euro681.09 billion), with more than 2.5 million corporate and 150 million individual clients.

Despite a history of bad loans and poor management, investors snapped up ICPBC's IPO and have bought its shares since, seeing it as a good way to profit off of the country's roaring economic growth.

ICBC's share price has risen steadily since the listing, and then jumped 30 percent in the last week of the year.

It was the third of China's so-called Big Four banks to list sell overseas IPOs. China Construction Bank Corp. was the first in 2005 when it listed a US$9.2 billion (euro7.24 billion) IPO. Bank of China Ltd. followed in June with a US$11.2 billion (euro8.82 billion) offering.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 法库县| 唐海县| 曲水县| 保定市| 木兰县| 闵行区| 遵义市| 静海县| 沁阳市| 万盛区| 塔河县| 镇平县| 长寿区| 衡南县| 柯坪县| 彭泽县| 霞浦县| 娄烦县| 太谷县| 同德县| 太仆寺旗| 乌兰浩特市| 邻水| 佛冈县| 滨州市| 新干县| 五峰| 射洪县| 恭城| 丽江市| 全椒县| 柳江县| 望都县| 尚义县| 龙井市| 双峰县| 广宗县| 邳州市| 厦门市| 林甸县| 信宜市|