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  1. Consortium to take 10pc BOC stake for US$3.1b

    Posted Aug 19th 2005, 12:00am by Denise Tsang

    ... Bei Hu and Denise Tsang Consortium to take 10pc BOC stake for US$3.1bAnalysts concerned over Royal Bank of Scotland's commitment to the Chinese bank after scaled-down investment A consortium consisting of the Royal Bank of Scotland Group (RBS), the Li Ka-shing Foundation and Merrill Lynch has agreed to take a 10 per cent stake in Bank of China (BOC) for US$3.1 billion. ...

  2. Scottish lender is silent on talks with BOC

    Posted Aug 05th 2005, 12:00am by Staff Reporter

    ... Bei Hu Royal Bank of Scotland (RBS) executives have remained silent on discussions to buy a substantial minority stake in Bank of China (BOC), despite widespread reports of an imminent ... envelope is an important part of what we do,' Sir Fred said. RBS has been in talks with BOC for months over acquiring up to 15 per cent of China's second-largest bank. Since ...

  3. BOC may sell 25pc of its shares to foreigners

    Posted Aug 09th 2005, 12:00am by Staff Reporter

    ... Bei Hu The mainland's second-largest lender, Bank of China (BOC), may sell as much as 25 per cent of its shares to foreign investors for US$6 billion, an influential mainland ... heels over introducing foreign investors to improve corporate governance and operations. Singapore government-backed Temasek Holdings was in talks to buy 9.9 per cent of existing BOC shares from ...

  4. BoC HK earnings rise 16.8pc

    Posted Aug 18th 2005, 12:00am by Staff Reporter

    ... CARRIE NG Updated at 7.06pm: Commercial banking group BoC Hong Kong (Holdings) on Thursday reported a 16.86 per cent rise in net profit to $6.52 billion for the six months to June, up from ... strategy that stresses higher yields and higher asset quality,' Mr Xiao added. BoC HK's interest income increased to $10 billion in the first six months of the year, from $7.3 billion ...

  5. BOC (HK) earnings jump 50pc

    Posted Mar 23rd 2005, 12:00am by Staff Reporter

    ... YI HU Updated at 5.16pm: The Hong Kong-listed investment banking arm of the Bank of China, BOC Hong Kong (Holdings), on Wednesday reported net profit of $11.96 billion for the year to December, a 50.2 per cent rise from the $7.96 billion earned in 2003. BOC (HK) reported interest income of $15.68 billion for last year, a decline from the $17.76 billion recorded in 2003. ...

  6. BOC, Scottish bank near US$5b deal

    Posted Jul 27th 2005, 12:00am by Staff Reporter

    ... billion for as much as 15 per cent of Bank of China (BOC) in a deal that could set a record for the largest ever single foreign direct investment in the mainland. The two banks are understood to be close to an agreement after Zhu Min, a BOC assistant president with responsibility for restructuring and listing, visited RBS's Edinburgh headquarters last week. According to market ...

  7. BOC unveils clean-up of audit procedures

    Posted Feb 02nd 2005, 12:00am by Staff Reporter

    ... without interference, while the existing practice of rotating key managers would be expanded, the bank said in a statement yesterday. BOC will also conduct a sweeping review of compliance ... of significant frauds. The statement came amid ongoing probes into the scandal at a BOC sub-branch in northeastern Heilongjiang province in which more than one billion yuan of corporate deposits had been ...

  8. UBS eyes opportunities with US$500m stake in BOC

    Posted Jun 24th 2005, 12:00am by Staff Reporter

    ... Bei Hu UBS could pay about US$500 million for a minority stake in Bank of China (BOC) in return for investment banking opportunities, the Swiss bank said yesterday. Although UBS' proposed investment was seen by many sources as a thinly veiled attempt to secure a hotly contended mandate to underwrite BOC's international initial public offering next year, its vaguely ...

  9. UBS buys into BOC in co-operation pact

    Posted Sep 28th 2005, 12:00am by Staff Reporter

    ... in the mainland and for Chinese clients. Rather than joint ventures, it is understood the arrangement will focus more on selling UBS's advanced securities products through BOC's extensive branch ... management with the Chinese lender, according to BOC. 'We regard this agreement as a natural development of our long-term relationship with Bank of China,' UBS chief executive Peter Wuffli ...

  10. British bank on verge of BOC deal

    Posted Apr 09th 2005, 12:00am by Staff Reporter

    ... to be in advanced talks to take a 15 to 20 per cent stake in Bank of China (BOC) in what will be the largest single foreign equity acquisition in the mainland's banking sector to date. Sources said ... sources yesterday said that Swiss giant UBS might invest up to US$300 million for 1 to 2 per cent of BOC, in an apparent attempt to clinch an underwriting mandate for a potential BOC initial ...




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