2007-12-01

ICBC-SENG HENG BANK

Someone must have mistakem SENG HENG Bank with Hang Seng Bank

ICBC-SENG HENG BANK

Industrial and Commercial Bank of China agreed in August to pay $583 million for 80 percent of Macau's Seng Heng Bank, giving it a foothold in the booming gaming territory. The deal came after ICBC agreed to take over a 90 percent stake in December in PT Bank Halim Indonesia in December 2006, in the Chinese lender's first overseas acquisition.
FACTBOX-Overseas deals involving Chinese financial firms - Yahoo! Singapore News

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