Fubon Bank (Hong Kong) Limited acquired an unknown additional stake in Xiamen Bank Co.,Ltd. from Xiamen Gaoxinhong Equity Investment Co., Ltd. for CNY 84 million.
January 08, 2015
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Fubon Bank (Hong Kong) Limited acquired an unknown additional stake in Xiamen Bank Co.,Ltd. from Xiamen Gaoxinhong Equity Investment Co., Ltd. for CNY 84 million on January 9, 2015. Under the terms of the acquisition, 18.7 million shares of Xiamen Bank Co.,Ltd. were acquired. In a separate transaction, Fubon Bank (Hong Kong) Limited acquired an unknown additional stake in Xiamen Bank Co.,Ltd. from Xiamen Sumpo Group Co., Ltd. for approximately 110 million.
Fubon Bank (Hong Kong) Limited completed the acquisition of an unknown additional stake in Xiamen Bank Co.,Ltd. from Xiamen Gaoxinhong Equity Investment Co., Ltd. on January 9, 2015.
Xiamen Bank Co Ltd is a China-based company principally engaged in commercial banking business. The Company's businesses mainly include corporate banking, personal banking and treasury business. The Company's corporate banking products mainly include corporate loans, bill discounting, corporate deposits, trade financing, agency services, cash management services, financial advisory and consulting services, remittance and settlement services. The Company provides retail banking products and services to individual customers, including personal loans, personal deposits, debit cards, credit cards, intermediary services and electronic banking products. The Company's treasury business mainly includes treasury trading business, bond investment trading business, derivatives trading business, inter-bank business, bill business and asset management business.
Fubon Bank (Hong Kong) Limited acquired an unknown additional stake in Xiamen Bank Co.,Ltd. from Xiamen Gaoxinhong Equity Investment Co., Ltd. for CNY 84 million.
XIAMEN BANK CO., LTD. 
