• Thu
  • Sep 18, 2014
  • Updated: 5:22am

Chong Hing Bank

Chong Hing out to play catch up

Chong Hing Bank is targeting double-digit growth in net profit and return on equity from an expected boost in cross-border business after the takeover of the bank by a mainland company.

Thursday, 27 February, 2014, 1:08am

Yue Xiu may beef up Chong Hing Bank after acquisition

Yue Xiu, the investment vehicle backed by the Guangzhou government, said it has no plans to privatise Chong Hing Bank and has signalled it may inject more capital into the newly acquired lender.

18 Feb 2014 - 4:34am

OCBC-Wing Hang Bank takeover deal a question of price

Oversea-Chinese Banking Corp's plan to take over Wing Hang Bank, the city's second-largest family-controlled bank, raises the question of what would be a reasonable price for both parties to gain from the deal.

20 Jan 2014 - 5:11pm

Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

Australia and New Zealand Banking (ANZ), Australia's third-largest bank by market value, aims to build itself into a regional bank in Asia, but an acquisition in Hong Kong is not part of its plans.

15 Jan 2014 - 8:40am

More than HK$40b to take Wing Hang Bank private, says source

Wing Hang Bank's potential suitors may need to pay more than HK$40 billion to take the city's second-largest family-owned bank private. More than three parties were talking to Wing Hang, a person familiar with the situation said.

4 Dec 2013 - 6:12am

Chinese buyer seen as negative for Wing Hang

Wing Hang Bank, Hong Kong’s second-largest family-owned lender, which is in takeover talks, would likely have its credit rating downgraded if the acquirer was based on the mainland, Moody’s Investors Service said.

31 Oct 2013 - 2:55am

Chong Hing sale sounds alarm bells for Hong Kong's small businesses

The sale of Chong Hing Bank, one of the four remaining family-owned banks in Hong Kong, may be good news for its shareholders who can cash out at a high premium, but it is sad news to many Hongkongers when we try to find a way for the city's small businesses to prosper.

28 Oct 2013 - 7:53am 4 comments

Chong Hing sale talk puts others in the frame

The possible sale of Chong Hing Bank, one of Hong Kong's four remaining family-controlled banks, could trigger more such acquisitions if the deal results in a healthy premium above the market price, analysts said.

12 Aug 2013 - 4:04am

Now Hong Kong becomes the place to put a few assets in the trolley

Hong Kong has long been known as a shopping paradise, in particular among fashion-conscious women. But lately it's more than just fashion that is on offer, as a growing number of billion-dollar family businesses have been put up for sale.

12 Aug 2013 - 12:29pm 1 comment

Chong Hing Bank shares surge after report says controlling family may sell

Shares in the Liu family-owned Chong Hing Bank rose to a 25-month high yesterday after reports said the Lius were ready to sell the lender. The stock jumped 9.8 per cent to close at HK$20.90, after rising as much as 14 per cent. The price surge followed a similar jump the previous day.

3 Apr 2013 - 3:28am