China CITIC Bank Completes 14.5% Stake Purchase in Yunnan Hongta Bank

MT Newswires Live06-29 09:31

China CITIC Bank (HKG:0998, SHA:601998) completed the acquisition of a 14.52% stake in Yunnan Hongta Bank after receiving regulatory approval, according to a Friday Hong Kong bourse filing.

The bank acquired 914.6 million shares from Kunming Industrial Development and Investment, formally becoming a shareholder of Yunnan Hongta Bank.

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