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Zhong Lun Advises on Cinda’s Acquisition of Nanyang Commercial Bank, Limited
Zhong Lun Advises on Cinda’s Acquisition of Nanyang Commercial Bank, Limited
Release time：2016-01-14
Voice Announcements
On 18 December 2015, Cinda Financial Holdings Co., Limited, a wholly-owned subsidiary of China Cinda Asset Management Co., Ltd., signed an agreement with Bank of China (Hong Kong) Limited, a subsidiary of Bank of China, pursuant to which Cinda Financial will acquire 100 percent of the issued shares of Hong Kong-based Nanyang Commercial Bank, Limited for HK$68 billion (approximately US$8.8 billion). Completion of the transaction is subject to regulatory approval and the satisfaction of other conditions precedent.
Zhong Lun Law Firm’s team, consisting of partners Zhang Xuebing, Zhu Maoyuan, Christie Tao and Jason Liu, acted as China counsel to Cinda and provided strong support to the project.
Professionals
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Xuebing ZHANG
Equity Partner
BeijingPractices： Litigation & Arbitration,Bankruptcy-Insolvency & Reorganization,Chinese Mainland Capital MarketsIndustries： Real Estate,Urban Infrastructure,Transportation & Logistics,Tourism & Hospitality,Banking & Financial Services,Insurance -
Xuebing ZHANG
Equity Partner
Beijing
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