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September 06, 2005

Official Bohai Launch

STAN 1.gif

As expected, StanChart announced in Beijing today that it will invest $123m for 19.9% of the newly formed Bohai Bank, which will be based in Tianjin. The official signing ceremony was attended by PM Tony Blair, Premier Wen Jiabao, and SCB Chairman Bryan Sanderson.

* SCB official announcement
* StanChart takes slice of new mainland bank (SCMP-reg.required)

Posted by The Banker at September 6, 2005 09:09 PM

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