huaxia bank plans to sell more shares in shanghai
Huaxia Bank, a Beijing-based lender partly owned by Deutsche Bank, plans to sell additional shares in Shanghai this year to replenish capital. The bank's capital adequacy ratio, a key measure of its financial strength, stood at 8.2 per cent, higher than the minimum regulatory requirement of 8 per cent, bank chairman Liu Haiyan said yesterday.
road king, sunco borrow HK$400m for projects
Toll road operator Road King Infrastructure and 49 per cent-owned Sunco have entered into an agreement with Access Capital for a HK$400 million loan to fund property development projects in the mainland. The loan carries an interest rate of 6 per cent.
qimonda to expand plant
Qimonda, the memory chip maker spun off from German firm Infineon Technologies last year, plans to invest about Euro250 million (HK$2.57 billion) over the next three years to expand its assembly and testing facility in Suzhou.
