Hua Xia Bank German lender holds biggest stake
March 19, 2010, Friday
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Print Edition
Print Edition
CHINA'S medium-sized Hua Xia Bank said yesterday Deutsche Bank AG became its largest shareholder after acquiring the Chinese lender's shareholder, Sal Oppenheim Jr & Cie SCA.
The German bank's stake in Hua Xia totals 17.12 percent, with a total of 855 million shares, after the buyout of the Luxembourg-based private bank Sal Oppenheim Jr & Cie SCA, which held a 3.43 percent stake, said the Chinese lender in a statement to the Shanghai Stock Exchange.
The German bank's stake in Hua Xia totals 17.12 percent, with a total of 855 million shares, after the buyout of the Luxembourg-based private bank Sal Oppenheim Jr & Cie SCA, which held a 3.43 percent stake, said the Chinese lender in a statement to the Shanghai Stock Exchange.
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