China Minsheng Banking to Buy Additional Stake in Songjiang Minsheng for 46 Million Yuan

MT Newswires Live05-11

China Minsheng Banking (SHA:600016, HKG:1988) agreed to acquire an additional 10% in Shanghai Songjiang Minsheng Rural Bank for 45.5 million yuan, according to a Shanghai bourse filing on Saturday.

Minsheng's Hong Kong shares slipped less than 1% during Monday morning trade.

The lender will buy the stake from Shanghai Jiant Life Technology.

Minsheng currently owns 35% of Songjiang Minsheng Rural Bank.

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