Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
BOC fails in bid for Bank Internasional Indonesia
Adjust font size:

Malaysia's largest bank, Maybank has bought a majority stake in Bank Internasional Indonesia (BII), winning out over a rival offer from the Bank of China (BOC).

Maybank, the unexpected winner in the bidding war, offered US$1.5 billion to acquire 55.7 percent of BII shares, defeating rival bids by BOC and HSBC Group Holdings.

Not long ago CITIC Securities failed in its bid for the United States investment bank Bear Stearns.

However, the appetite of domestic financial firms for overseas investments seems undiminished by repeated setbacks.

For more details, please read the full story in Chinese (http://paper.people.com.cn/gjjrb/html/2008-04/02/content_48329114.htm).

(China.org.cn April 2, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- CITIC Securities gives up Bear-y investment
- CITIC, Bear Stearns plan to increase stake in each other
- CITIC Bank estimates doubling net profit for 2007
- BOC says subprime won't hurt earnings
- BOC predicts interest rate hikes in first half
Most Viewed >>
- Major gold deposit found in Xinjiang
- Tighter rules proposed for foreign investors
- WB cuts 2008 China growth forecast to 9.4%
- Local banks told to put brakes on mortgages
- Inflation measures hit sector

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?