FPB Bank stake sale on track

PUBLISHED : Friday, 05 March, 1999, 12:00am
UPDATED : Friday, 05 March, 1999, 12:00am

First Pacific 'has advanced to the next stage of discussions' on the sale of 41.3 per cent-held FPB Bank Holding, whose stock rose 15 per cent to $1.73 per share yesterday. FPB - which runs First Pacific Bank in Hong Kong - said that, since November, it had 'advanced to the next stage of discussions with an independent and leading international financial institution'.