First China buy into Taiwan bank

January 23, 2012 | FINANCE

Chinese banks allowed to buy stakes in Taiwanese counterparts from this week Wednesday, January 4th, 2012 14:15:00 TAIPEI: Hua Nan Financial Holdings Co Ltd is seeking a 20% stake in China's Fujian Haixia Bank, said a company source with direct knowledge of the matter. The deal, which could be worth T$10 billion (RM1 billion), would be the first direct banking investment between Taiwan and China …
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