April 30, 2017 3:51 AM ET

Banks

Company Overview of Nanyang Commercial Bank Limited

Company Overview

Nanyang Commercial Bank, Limited, together with its subsidiaries, provides personal banking and commercial banking services. It operates through Personal Banking, Corporate Banking, Treasury, Investment, and Others segments. The company accepts various deposit products, including current accounts, savings accounts, time deposits, and other deposits; and offers loan products, such as mortgage and personal loans. It also offers personal insurance products, such as life, home comprehensive, domestic helper comprehensive, motor vehicle, travel, personal medical, outpatient medical, golfer, personal accident insurance products, etc., as well as business insurance products, including fire, public ...

151 Des Voeux Road

Central,  

Hong Kong

Founded in 1949

Phone:

852 2622 2633

Fax:

852 2815 3333

Key Executives for Nanyang Commercial Bank Limited

Vice Chairman and Chief Executive Officer
Head of Haikou Branch
Head of Shenzhen Shekou Sub-branch
Head of Guangzhou Branch
Head of Dalian Branch
Compensation as of Fiscal Year 2016.

Nanyang Commercial Bank Limited Key Developments

Shanghai Lujiazui Reportedly Contact Banks For Nanyang Commercial Acquisition

Shanghai Lujiazui (Group) Co., Ltd. has contacted banks regarding financing to support the acquisition of Nanyang Commercial Bank Limited (NCB) from BOC Hong Kong Holdings Ltd. (SEHK:2388), foreign media reported citing a person with knowledge of the matter. CITIC Securities is known to be arranging debt financing. Other two bidders are China Cinda Asset Management Co., Ltd. (SEHK:1359) and China Taiping Insurance Holdings Company Limited (SEHK:966). China Cinda has confirmed submitting acquisition application.

Cinda Sole Bidder For Nanyang Commercial

China Cinda Asset Management Co., Ltd. (SEHK:1359) is the only bidder to have bid for Nanyang Commercial Bank Limited. BOC Hong Kong Holdings Ltd. (SEHK:2388) seeks to sell Nanyang Commercial for $8.8 billion. Reuters had reported that other potential bidders for Nanyang Commercial such as an investment firm for the provincial Guangzhou government had changed their minds about the deal, put off by the steep asking price. Cinda’s shares were down as much as 11%.

China Cinda Asset Management Eyes Acquisition Of Nanyang Commercial Bank

China Cinda Asset Management Co., Ltd. (SEHK:1359) is seeking the acquisition of ; Nanyang Commercial Bank Limited from Bank of China (Hong Kong) Limited. In the auction held on August 25, 2015 China Cinda Asset Management emerged as the sole bidder. According to sources, it will pay near the reserve price of HKD 68 billion. China Resources (Holdings) Co.,Ltd. and Yuexiu Enterprises (Holdings) Limited, owner of Hong Kong's Chong Hing Bank Ltd, were among suitors weighing binding offers for Nanyang.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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