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Amro takes stake in Chinese focussed firm

Amro takes stake in Chinese focussed firm

(16 May 2007 – China) ABN Amro has paid US$50 million for a 9.9 percent stake in non bank financial services firm Vongroup Ltd in China. Vongroup provides secured consumer finance and smart card services, targeting China’s "urban middle classes".

ABN Amro is paying HK$0.71 each for shares.
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