Wing Hang Bank

Eye on more acquisitions

PUBLISHED : Monday, 05 September, 2005, 12:00am
UPDATED : Monday, 05 September, 2005, 12:00am

Wing Hang Bank chairman and chief executive Patrick Fung Yuk-bun says the bank is keen to look for further acquisitions on the mainland and in Macau following the lender's takeover of Chekiang First Bank.

Wing Hang already has a branch each in Shenzhen and Shanghai but hopes to open a first sub-branch in the booming southern city later this year, ultimately growing to a network of eight to 10 sub-branches.

The group expects to derive 30 per cent of its total profits from the mainland and Macau within three years.