You are here

China's CMBC buys into HK securities firm Quam

China's biggest private lender to pay up to HK$7.5b for controlling stake

Hong Kong

CHINA Minsheng Banking Corp (CMBC), the country's biggest private lender, said late on Tuesday it's in talks to invest as much as US$970 million for a controlling stake in Hong Kong-based securities firm Quam Ltd.

Quam's shares soared as much as 105 per cent on Wednesday...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes