CCB moves on HK through Dah Sing
(China) - China Construction Bank (CCB), a Mainland Big 4 state owned bank, has acquired the outstanding 30 percent of a Dah Sing lending unit for HK$105.2 million.
In the slowest of China's Big 4 to make the move out, CCB already owned 70 percent of 3 branch Jian Sing Bank and relocated its FX dealing room our of Beijing into Hong Kong.
Dah Sing Financial is a small participant in Hong Kong's consumer lending and credit card business, although its parent is the seventh largest Hong Kong listed bank by assets (HK52.5 billion at June 30, 2001).
Dah Sing Financial is a small participant in Hong Kong's consumer lending and credit card business, although its parent is the seventh largest Hong Kong listed bank by assets (HK52.5 billion at June 30, 2001).
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